Generative AI in Finance: Insights, Use Cases, and Expert Perspectives

In today’s newsletter, get ready to learn how to deploy reliable and accurate AI that employees trust, even in highly regulated industries like finance.

Next week, we'll be hosting a webinar centered on Generative AI applications in finance . You'll gain insights into the technical considerations necessary for seamless integration while meeting regulatory and operational standards.

Why Attend?

We are privileged to welcome real experts who will immerse you in the latest developments in Generative AI within the finance industry. Let us introduce you to these experts:

• Andy Brown is the CEO of Sand Hill East , where he provides strategic management, advice, and marketing services to emerging companies. He serves on the board of directors of several companies, including Zscaler, Inc., Pure Storage, Inc., Digital Asset, and Skyhive. Andy is also the CTO in residence and mentor at the Fintech Innovation Lab, advising numerous software companies. Previously, he was the Group Chief Technology Officer at UBS and held executive roles at Bank of America, Merrill Lynch, and Credit Suisse.
• Joseph Hilger is the Co-Founder and Chief Operating Officer of Enterprise Knowledge, LLC , a knowledge management consultancy. With over 30 years of experience, Joe has led enterprise-scale IT projects and was an early pioneer of agile techniques. He is an expert in content management, search, and data analytics solutions, consulting with organizations worldwide. He is also the co-author of Making Knowledge Management Clickable.

The entire webinar will be moderated by our Chief Product Officer & Head of Corporate Development:

• David Hannibal , David is a seasoned executive with extensive experience in defining product vision, strategy, marketing, and execution. Over the past decade, he has addressed enterprise challenges through product innovation, third-party partnerships, and corporate development strategies. With a background in financial services technology at FactSet, IEX, Duco, and Knoema, and as an advisor to early-stage tech companies, David is focused on driving vision and strategy to deliver AI solutions for enterprise customers.

Why a Webinar Focused on the Finance Industry?

• All these experts are a valuable part of the Wealth Management and Asset Management ecosystem in the US, particularly in the New York area. Their commitment to security-first approaches in AI, Machine Learning, and Knowledge Graph technology resonates particularly within the finance industry.
• The recent acquisition of the graph company Synaptica is pushing the border towards precision-engineered AI solutions.
• The Asset and Wealth Management use case has demonstrated AI’s potential to significantly improve productivity and streamline operations in workflow-driven roles. During this webinar, our experts will guide you through what to look for and how to proceed with Generative AI in the finance industry.

?? Join us here: https://www.dhirubhai.net/events/webinargenaiforassetmanagers-wh7219635094532075520/

Can't wait to explore this topic, discover how we empower 900 Client Advisors in Asset Management with Generative Employee Agents .

AI Act Incoming: The AI Literacy Imperative

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Talking about regulated industries, the EU AI Act is set to regulate the entire market and will take effect in January 2025, giving organizations just six months to ensure compliance. It mandates that developers and deployers achieve comprehensive AI literacy, covering its impact, opportunities, and risks.

One concrete example is: if the training data used to develop algorithms contains historical biases, the AI system may perpetuate or even amplify these biases.

For instance, if an AI model is trained on past hiring data from a company that predominantly hires men, it might unfairly favor male candidates. To mitigate this risk, it's crucial for organizations to carefully audit their AI recruiting tools, ensure diverse training data, and regularly test for potential biases.

Our Head of Education and Training, Simone Abbiati , provides the keys to be prepared and guides you on the first steps to take in his latest article .

Next Week's Topic:

According to the Gartner? 2024 Market Guide for Conversational AI Solution report , we’re a Representative Vendor - learn why!

Recognized by Gartner as a visionary company, Squirro stands at the forefront as an enterprise-ready generative AI solution for search, insights, and automation. Our clientele includes prestigious organizations such as:? the European Central Bank, the Bank of England, Henkel, Mubadala, and over 30 industry leaders.

Thank you for being part of our journey. Stay tuned for more updates as we continue to bridge the AI reality gap!