AI

BIS: Digitalization Enhances Bank Efficiency and Customer Experience But Introduces Risks

Digitalization and technology are introducing a number of benefits to banks, allowing them to improve efficiencies, cut cost and enhance customer experience. However, these advancements also introduce risks, including operational, reputational, and strategic risks, according to a new report by

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3 Top Fintech Megatrends of 2024

2023 acted as a reset year in the venture capital (VC) ecosystem as investments witnessed their first significant drop since 2017. In 2024, investors anticipate a gradual growth in both the number and size of funding rounds compared to 2023,

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Global Venture Capital Funding Rises 11% Driven by Large Gen AI Deals

Venture capital (VC) funding increased by 11% in Q1 2024, driven by massive deals in generative artificial intelligence (gen AI), including Amazon’s US$2.75 billion investment in Anthropic and Alibaba’s US$2.5 billion investment in Moonshot AI, new data released by business

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Abacus neu mit Chief Artificial Intelligence Officer in Geschäftsleitung

Alexander Vegh, langjähriger Director of Research & Development bei Abacus Research AG, ergänzt ab dem 1. April 2024 als Chief Artificial Intelligence Officer (CAIO) die Geschäftsleitung des Schweizer Software-Unternehmens. Dabei bringt er seine umfangreiche Erfahrung im Bereich Künstliche Intelligenz (KI)

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Deepfake Gains Momentum as a Powerful Tool for Fraud and Deception

The rise of artificial intelligence (AI) and machine learning (ML) has introduced new and sophisticated tools for threat actors to scam and defraud individuals. One particular concern is the emergence of deepfake technology, which allows for the creation of fake

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Top Trends in Europe’s Digital Finance Landscape

In Europe, digital finance is being driven by the adoption of innovative technologies including artificial intelligence (AI), machine learning (ML), distributed ledger technology (DLT), big data and cloud computing. These technological advancements are presenting both opportunities and challenges, forcing regulatory

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Synthesized Receives UBS Next Investment

Synthesized Ltd, a London based data firm who provides engineering teams a quick way to create and share production-like test and training data through machine learning and automation, announced that UBS Next, the group’s venture and innovation unit, is investing

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KI Partnerschaft zwischen Adnovum und Squirro

Adnovum und Squirro starten eine strategische Partnerschaft, um innovative Lösungen für die Banken- und Versicherungsbranche, für Transport- und Logistikunternehmen sowie für den öffentlichen Sektor anzubieten. Das Ziel der Zusammenarbeit ist es, mit den modernen Technologien von Squirro in den Bereichen künstliche

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Swiss Regtech Pioneer Apiax Releases AI Policy Assistant

Apiax has launched a new compliance solution today, aiming to enhance operational efficiency and the accuracy of policy searches. The solution is a synthesis of Apiax’s compliance expertise, rule-based technology, and Generative AI, creating a new standard for financial institutions

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New IFZ Paper Explores the Opportunities and Challenges of Quantum Computing and AI in Finance

Quantum machine learning (QML), a subfield of quantum computing that combines the principles of quantum mechanics with machine learning (ML) algorithms, hold transformative potential in banking and finance, offering opportunities to enhance decision-making processes, better mitigate risks, and uncover new

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