Apexon’s Post

** Blog post ** As #AI continues to transform the #BFSI industry, ensuring ethical practices isn't just a regulatory requirement—it's a strategic imperative. From safeguarding customer data to making transparent decisions, #ethicalAI builds trust and drives sustainable growth. #CXOs, it's time to lead the charge in creating a future where AI benefits all stakeholders responsibly. Let's innovate with integrity! Read my latest blog post on this topic and let me know your views. #Banking #FinancialServices #EnthicalAI #DigitalTransformation #CustomerExperience

Wants to know about AI transformation in Banking & Finance? Please read Apexon's latest blog which deep dives into Ethical AI. #Apexon

As the second half of the year progresses, the banking sector is increasingly adopting advanced technologies to streamline services and enhance security for both employees and customers. Central to this technological revolution are machine learning (ML), artificial intelligence (AI), and the recent advent of generative AI (GenAI). These innovations are not only transforming banking operations but also prompting new regulatory frameworks to ensure their ethical and responsible use. Among these regulations, the European Union’s Artificial Intelligence Act (EU AI Act), which received final approval in March 2024, stands out as a significant milestone. Read more on our latest blog 👉 https://lnkd.in/eX_nvjPe #ai #banking #aibanking #artificialintelligence

1. AI In The Back Office Becomes Increasingly Sophisticated: In 2025, it will become routine to automate day-to-day tasks like processing transactions, reconciliation, data entry, compliance and fraud detection. The efficiency gains and reduction in human error are leading to significantly reduced operational costs. Having mastered these initial use cases, banks and other financial service organizations that have reached a sufficient level of AI maturity are looking towards more advanced deployments, involving fully autonomous decision-making and real-time risk assessment. Getting this right will lead to further gains in efficiency but also involve facing up to greater challenges around customer data, privacy and ethical AI use.

Discover how Artificial Intelligence is reshaping the banking sector! Read the full article to delve deeper. #AIBankingRevolution #TechTransformation #BankingInnovation #AIInsights #artificialintelligence #AI #Koop360 https://lnkd.in/giiM5z_u

ING Chief Analytics Office Bahadir Yilmaz shares his perspective on opportunities and use cases for Generative AI (GenAI). In this exclusive interview with Andrew Vorster from The Banking Scene Bahadir shares the five domains ING is currently experimenting across in a very controlled and risk averse manner. We also uncover a few new use cases for GenAI and some of the challenges ING has faced regarding ethics, vendor platforms and talent, and how we are approaching these. Rik Coeckelbergs The Banking Scene Nikoletta Bozika Marco Li Mandri #generativeai #ai #analytics https://lnkd.in/eh7Ve2Qv

This is a good, high-level read on how AI will positively impact outcomes in domains like Finance.

How #Generative #AI Will Change #Jobs In #Financial #Services an article by Forbes Generative AI tools will streamline #transaction processing by #automating many of the routine tasks such as data entry, #validation, and #reconciliation. As #GenAI #systems become more powerful and accurate, this will mean #banks and other #financial #institutions can offer faster, more reliable, and perhaps even cheaper #services to their #clients. Managing #investments is another important #element of #financial services and #generative #AI #algorithms can assist with #analyzing #markets, assessing the #performance of companies and other #assets, identifying trends, and evaluating the effectiveness of #investment #strategies. #Investment #managers can then spend more face-to-face time with their clients, getting a better understanding of their needs and requirements.

The increasing use of AI in financial services is raising ethical concerns and challenging the industry to confront unintended biases. You can discover more on the topic of ethical considerations in AI-driven models in Deloitte's latest article: http://ow.ly/ZXq1104NLFf

The #financialservices industry is on the brink of a transformation driven by #GenerativeAI. This cutting-edge #technology is poised to revolutionize the way we work by #automating routine tasks, enhancing data analysis, and improving #customerservice. The implications of Generative AI in #financialservices are profound, offering both opportunities and #challenges. As we navigate this evolving landscape, it's crucial to stay informed and adapt to the changes ahead. Explore the full impact of Generative AI on financial services in this insightful #Forbes article: https://bit.ly/4bSjQ9g #techmonday #techarticle #techtrends #technologytrends2024 #innovation #AI #intelligentautomation #dataanalysis #primus #primussoftwarecorporation #futuresolutionsnow