AI will not transform because it’s deployed – it will transform because the way of operating is redesigned. The tricky part? Transformations rarely fail at the start, they fail in the middle – when organisations try to scale.In a previous article I def…
Financial institutions are learning to deploy compliant AI solutions for greater revenue growth and market advantage. For the better part of ten years, financial institutions viewed AI primarily as a mechanism for pure efficiency gains. During that era, quantitative teams programmed systems designed to discover ledger discrepancies or eliminate milliseconds from automated trading execution times. […]
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Banking house JPMorgan Chase is asking its roughly 65,000 engineers and technologists to use AI tools as part of their regular workflow. Business Insider reported that managers are tracking how often staff use these tools. That use may also influence performance reviews. The report states employees are encouraged to use tools like ChatGPT and Claude […]
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To gain financial data insights, the majority of family offices now turn to AI, according to new research from Ocorian. The global study reveals 86 percent of these private wealth groups are utilising AI to improve their daily operations and data analysis. Representing a combined wealth of $119.37 billion, these organisations want machine learning to […]
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AI agents are starting to take on a more direct role in how financial advice is delivered, as large banks move into systems that support client interactions. Bank of America is now deploying an internal AI-powered advisory platform to a subset of financial advisers, rolled out to around 1,000 financial advisers, according to Banking Dive. […]
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Finance leaders are automating their complex workflows by actively adopting powerful new multimodal AI frameworks. Extracting text from unstructured documents presents a frequent headache for developers. Historically, standard optical character recognition systems failed to accurately digitise complex layouts, frequently converting multi-column files, pictures, and layered datasets into an unreadable mess of plain text. The varied […]
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UK authorities believe improving efficiency across national finance operations requires applying AI platforms from vendors like Palantir. The country’s financial regulator, the FCA, has initiated a project leveraging AI to identify illicit activities. The FCA is currently testing the Foundry platform from Miami-based software vendor Palantir. This three-month pilot costs upwards of £30,000 per week […]
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Payments rely on a simple model: a person decides to buy something, and a bank or card network processes the transaction. That model is starting to change as Visa tests how AI agents can initiate payments. New work in the banking sector suggests that, in some cases, software agents may soon take on that role. […]
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Eric Jang, “Ten Apes”, Jun 19 2021. NFT “drop” coming soon.Andy Warhol once said, “Art is what you can get away with.” I interpret the quote as a nihilistic take on “beauty is in the eye of the beholder” — a urinal you found in the junkyard can b…
This essay is about how the powerful want to become countries, and the implications of cryptocurrencies on the sovereignty of nations. I’m not an economics expert: please leave a comment if I have made any errors.Money allows goods, services, and every…