If you were at Bank Director’s Bank Audit & Risk Conference, we hope you caught our CEO Canh Tran during the breakout session with Wintrust Financial Corporation’s Sarah Grooms talking about the risks and opportunities of #GenerativeAI for #banks. Thanks for the great conversation and insights, Sarah! At the event, our CTO Yueyu Fu also sat on a panel about #AI and #CyberRisks. More soon, but for now—five recaps from the two sessions: ➡️ Community banks are already deploying Generative AI in several areas of the bank including customer relationships, fraud, and regulatory compliance. ➡️ Like any new technology, Generative AI carries risks and a strong policy and operational framework must be developed. ➡️ At the speed that Generative AI is moving, being a fast follower after the Tier 1 banks deploy, may not be the best strategy. ➡️ Banks should consider adding directors with AI experience to the board. ➡️ Generative AI carries risks, but if it can deliver double-digit increase in operating profit, the payoff could be exceptional. #BDAudit24 #banking #communitybanks #bankriskmanagement
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According to a recent survey conducted by American Banker, the top trend affecting the banking industry is new technology - with tech spending increasingly focused on AI and machine learning💡 Join our research-based webinar to better understand these trends, including how Fls plan to use Al to fight fraud. Our experts will discuss: ⭐️ Top tech spending priorities for banks in 2024 ⭐️ Strategies for proactively addressing emerging and hard-to-solve fraud ⭐️ What barriers banks face in the adoption and implementation of Al to address transaction fraud ⭐️ How banks can get faster, more accurate results from market-ready Al trained on global network data Register to stay on the cutting edge of fraud detection: https://bit.ly/3IJLJ6y #Fintech #BankTech #FraudDetection Amyn Dhala Janet King
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In a global race to transform banking into an AI-first industry, it’s great to see Wells Fargo as one of the banks leading the way. Check out this Axios article to understand what’s happening and why it matters. #WeAreWellsFargo http://on.wf.com/6040PlbUO
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In a global race to transform banking into an AI-first industry, it’s great to see Wells Fargo as one of the banks leading the way. Check out this Axios article to understand what’s happening and why it matters. #WeAreWellsFargo http://on.wf.com/6048PcIxo
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In a global race to transform banking into an AI-first industry, it’s great to see Wells Fargo as one of the banks leading the way. Check out this Axios article to understand what’s happening and why it matters. #WeAreWellsFargo http://on.wf.com/6043uMHID
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In a global race to transform banking into an AI-first industry, it’s great to see Wells Fargo as one of the banks leading the way. Check out this Axios article to understand what’s happening and why it matters. #WeAreWellsFargo http://on.wf.com/6045PYxtL
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77% of banking risk and compliance professionals say that AI will have a transformative or major effect on the sector. A recent report by Moody's Corporation found that banks have the highest expectations for AI impact, with fintechs, assets and wealth management, and insurance providers close behind. HAWK:AI is working with banks around the world to realize a transformation in false positive reduction and increased crime detection. Want to learn more? Request a demo on our website: https://hawk.ai/ #artificialintelligence #ai #financialinstitutions #fincrime #bank
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Empowering financial institutions and other entities with advanced regtech & fintech solutions to keep pace in an everchanging global and regulatory landscape
What are your AML & Fraud teams priorities and objectives surrounding transformation with AI & Machine Learning? ~ Read on to hear what our tech partner, Hawk AI, has to share. #amlcompliance, #realtimeanalytics, #frauddetection, #regtech, #aitechnology, #regulatorycompliance, #csi
77% of banking risk and compliance professionals say that AI will have a transformative or major effect on the sector. A recent report by Moody's Corporation found that banks have the highest expectations for AI impact, with fintechs, assets and wealth management, and insurance providers close behind. HAWK:AI is working with banks around the world to realize a transformation in false positive reduction and increased crime detection. Want to learn more? Request a demo on our website: https://hawk.ai/ #artificialintelligence #ai #financialinstitutions #fincrime #bank
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77% of banking risk and compliance professionals say that AI will have a transformative or major effect on the sector. A recent report by Moody's Corporation found that banks have the highest expectations for AI impact, with fintechs, assets and wealth management, and insurance providers close behind. HAWK:AI is working with banks around the world to realize a transformation in false positive reduction and increased crime detection. Want to learn more? Request a demo on our website: https://hawk.ai/ #artificialintelligence #ai #financialinstitutions #fincrime #bank
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Unveiling the Truth: Navigating the AI Bias Landscape in Banking 🤖💼 Excited to share insights from our case study conducted at Valid! Tune in and listen to our Chief Risk Officer, La Shonna Sharp sharing insights and strategies gained from a meticulous study conducted at VALID Systems #AIBias #BankingInnovation #TechEthics #depositrisk #fraudai
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In a global race to transform banking into an AI-first industry, it’s great to see Wells Fargo as one of the banks leading the way. Check out this Axios article to understand what’s happening and why it matters. #WeAreWellsFargo http://on.wf.com/6048Pm71y
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