IBM Journey to AI blog

APRIL 20, 2023

Trust is the cornerstone on which the banking industry is built. When consumers lose trust in a bank’s ability to manage risk, the system stops working. Put simply, consumers trust banks to keep their money safe and return the money when requested. But there’s trust on the business side, too.

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AI News

APRIL 17, 2024

SAS, a specialist in data and AI solutions, has unveiled what it describes as a “game-changing approach” for organisations to tackle business challenges head-on. Consequently, businesses are demanding agility in using AI to solve problems and require flexible AI solutions to quickly drive business outcomes.

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Analytics Vidhya

JUNE 20, 2023

Industries spanning telecommunications, insurance, banking, utilities, and government agencies are poised to embrace AI-powered solutions in the coming years.

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Analytics Vidhya

MAY 6, 2023

Phishing and cyber fraud through unsolicited commercial communication (UCC) have been a major concern for banks, TRAI, and other financial regulators, leading to financial losses estimated at Rs 1,000-1,500 crore every month. In an effort to curb this issue, Bharti Airtel has developed a solution based on AI and ML.

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Analytics Vidhya

AUGUST 14, 2023

In a move signaling a significant shift in regulatory supervision, the Reserve Bank of India (RBI) has teamed up with global consultancy powerhouses McKinsey and Company India LLP and Accenture Solutions Pvt Ltd India.

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AI News

FEBRUARY 20, 2024

The collaboration seeks to develop joint solutions that facilitate the implementation of robust, reliable, and enterprise-ready AI solutions. As part of this collaboration, Wipro associates will undergo training in IBM hybrid cloud, AI, and data analytics technologies, further enhancing their capabilities in developing joint solutions.

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IBM Journey to AI blog

NOVEMBER 24, 2023

Let us now examine a potential proven example: Example 1: Re-imagining API Discovery with BIAN and AI for visibility of domain mapping and identification of duplicative API services The Problem : Large Global Bank has more than 30000 APIs (both internal and external) developed over time across various domains (e.g.,

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IBM Journey to AI blog

SEPTEMBER 18, 2023

The payments ecosystem is at an inflection point for transformation, especially as we see the rise of disruptive digital entrants who are introducing new payment methods, such as cryptocurrency and central bank digital currencies (CDBC). This is just one of many examples that show how the payments space has evolved.

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IBM Journey to AI blog

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Banks want to tap into these new innovations.

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IBM Journey to AI blog

AUGUST 17, 2023

The introduction of Central Bank Digital Currency (CBDC) has added a new dimension to blockchain technology that transforms the future of payments for businesses and individuals. Some time ago, banks and governments started shifting their attention towards using digital assets in their operations and economies.

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Marktechpost

NOVEMBER 28, 2023

However, deciphering messy bank transaction data poses a challenge, as it is expressed in various ways across different banks. Existing solutions like Plaid and ChatGPT have limitations, such as low coverage and wordiness. The solution is accurate and highly consistent, making it reliable in a production system.

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IBM Journey to AI blog

SEPTEMBER 13, 2023

The global digital payments ecosystem continues to evolve as new and incumbent financial institutions, payment networks, central banks, governmental agencies, businesses and other market players push for innovation. To achieve frictionless cross-border payments requires a community effort; no bank can achieve this in isolation.

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Unite.AI

NOVEMBER 15, 2023

Users keen on leveraging Bard or other GenAI productivity tools would do well to learn best practices and seek comprehensive security solutions before blindly handing over their sensitive information. Fortunately, browser extension security solutions already exist to prevent data theft.

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Marktechpost

MAY 12, 2024

Discover the best AI Fraud Prevention Tools and Software for detecting payment fraud, identifying identity theft, preventing insurance fraud, addressing cybersecurity threats, combating e-commerce fraud, and reducing banking and financial fraud. Its major goal is to help internet businesses battle fraud, develop trust, and accelerate growth.

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Marktechpost

APRIL 11, 2024

A simple solution like average pooling along the temporal axis, as used in VideoChatGPT, leads to inferior performance due to the absence of explicit temporal modeling. Unlike previous methods, MA-LMM adopts an online processing approach, sequentially processing video frames and storing features in a long-term memory bank.

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AI News

JANUARY 29, 2024

According to research by EXL , around 89 percent of insurance and banking firms in the UK have introduced AI solutions over the past year. “The key with any AI rollout is a measured, strategic approach—getting the data architecture right, testing solutions, and training employees,” Jain concluded.

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IBM Journey to AI blog

JULY 12, 2023

As a leading financial group in Spain, CaixaBank has long been an innovator by taking a technology-first approach by placing innovation, digital transformation, customer experience and sustainable banking at the forefront of its strategy. This was a milestone that involved the migration of 10.4

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IBM Journey to AI blog

JANUARY 16, 2024

While high interest rates and inflation concerns are carrying over into the new year, financial services trends signal to prepare for major changes in real-time by staying up-to-date on all financial services-related matters, including in banking and capital markets sectors. This is something we’re likely to see more of this year.

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IBM Journey to AI blog

NOVEMBER 8, 2023

We are expanding IBM Db2 Warehouse on Power with a new Base Rack Express at a 30% lower entry list price, adding to today’s S, M and L configurations, while still providing the same total-solution experience, including Db2 Data Warehouse’s connectivity with watsonx.data to unlock the potential of data for analytics and AI.

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Unite.AI

JANUARY 19, 2024

Our world runs on enterprise software – banking, utilities, agriculture, defense – enterprise software undergirds our civilization. This would enhance vital services like banking, utilities, or defense—making them more interconnected, user-friendly, and more efficient for people to use.

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Marktechpost

APRIL 2, 2024

Enova : Located in Chicago, Illinois, Enova uses AI and machine learning to revolutionize credit assessments and lending solutions. By targeting non-prime consumers and small businesses, Enova’s platform identifies those in need of emergency funds or small business loans, offering solutions that are both accessible and manageable.

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IBM Journey to AI blog

JULY 31, 2023

The world’s biggest modernization challenges are concentrated in the banking industry. Before the internet and cloud computing , and before smartphones and mobile apps, banks were shuttling payments through massive electronic settlement gateways and operating mainframes as systems of record.

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Unite.AI

APRIL 3, 2024

How does Autonom8 uniquely address the needs and challenges of the BFSI (Banking, Financial Services, and Insurance) sector and customer support services compared to traditional methods? Could you share some success stories or metrics highlighting the transformative impact of Autonom8's solutions on your clients' operations?

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IBM Journey to AI blog

JANUARY 11, 2024

Their latest IBM watsonx™ Code Assistant for Z solution uses both rules-based processes and generative AI to accelerate mainframe application modernization. First, the solution takes an inventory of all programs on the mainframe, mapping out architectural flow diagrams for each, with all of their data inputs and outputs.

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IBM Journey to AI blog

FEBRUARY 26, 2024

In December, we announced the general availability of IBM Hybrid Cloud Mesh , our multicloud networking solution that can support IT in their journey to optimize application performance with reliable network connectivity. This uplevels GSLB to be used as a strategic service for connectivity versus a tactical load balancing solution.

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IBM Journey to AI blog

MARCH 20, 2024

This is evident from emerging regulatory requirements and expectations in UK (Bank of England’s Critical Third-Party regime), Europe (Digital Operational Resilience Act)), Australia (APRA CPS-230 Operational Risk Management) and Canada (OSFI – Operational Resilience and Operational Risk Management), etc. Similarly, in the U.S.

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Marktechpost

MAY 10, 2024

Introduction to Machine Learning for Finance This course covers foundational machine learning concepts in banking, focusing on data analysis tailored for financial data. Participants learn to map problems, choose appropriate ML approaches, and implement solutions effectively, preparing them for complex ML projects in finance.

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Unite.AI

FEBRUARY 19, 2024

Patient Registration: By leveraging RPA solution the healthcare system authority has streamlined the entire registration procedure. RPA Supplier Support : The authority collaborates with trusted RPA solution suppliers enabling GP practices to automate various processes.

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Chatbots Life

MAY 17, 2023

At Master of Code, as a Conversational AI company , we developed a Chatbot Analysis Framework for businesses to review and evaluate their Conversational AI solutions in terms of the user experience and the solution’s maturity and complexity. A partial point if the solution displayed only part of the described feature.

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Mlearning.ai

FEBRUARY 15, 2024

RPA in Finance and Banking: Use Cases and Implementation — NIX United Are robots really more efficient than live employees? Robotics in banking operations can perform specific tasks up to 745% faster than humans , eliminate the probability of mistakes, work around the clock, and allow teams to focus on more strategic jobs.

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Marktechpost

JUNE 28, 2023

Google Cloud, a division of Alphabet, has introduced Anti Money Laundering AI for banks. The proposed AI solution is an innovative tool driven by artificial intelligence (AI) that aims to revolutionize anti-money laundering efforts in the financial industry. Check Out The Reference Article.

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Becoming Human

MAY 19, 2023

The banking sector is one of the most significant industries and is heavily dependent on technology to meet customer needs, build customer loyalty, and drive customer satisfaction. The customer service scenario in the banking sector is shifting from mere customer service to banking as a service (BaaS).

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IBM Journey to AI blog

NOVEMBER 20, 2023

These organizations are less likely to have a formal approach to AI than some other industries, but they are showing progress: 57% of banks and financial markets organizations, 54% of insurers and 54% of life sciences/pharma institutions have adopted a formal approach to the technology so far.

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IBM Journey to AI blog

NOVEMBER 14, 2023

One solution that is making waves in this landscape is “Wazi as a Service.” This transformation paves the way for centralized core systems to evolve into modernized, distributed solutions, keeping businesses agile and competitive in today’s digital landscape. How does Wazi as Service help drive modernization?

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IBM Journey to AI blog

APRIL 24, 2024

Example A bank sends annual privacy notices to all of its customers. These notices outline all the data that the bank collects from account holders, how it uses that data for things like regulatory compliance and credit decisions, and how long it retains the data.

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IBM Journey to AI blog

AUGUST 18, 2023

That includes traditional financial entities (like banks, investment firms and credit institutions) and non-traditional entities (like crypto-asset service providers and crowdfunding platforms). This is where new solutions with cyber resilience become part of the picture. DORA applies to all financial institutions in the EU.

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IBM Journey to AI blog

AUGUST 10, 2023

Whether they are providing personalized financial solutions catered to the specific needs of individual customers or transforming the hedge fund space with analytical tools to measure performance and risk data on a more real-time basis for clients, fintechs are leveraging the innovative technologies of AI and cloud.

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