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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Email: 2021-RFI-AI@cfpb.gov. Credit Decisions. Textual analysis.

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Today’s Cyber Risk Management

Cisco

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. Beginning with the bursting of the dot-com bubble, and more recently, the global COVID-19 pandemic, these events created significant volatility in stock prices resulting in increased market risk.

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How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

On its website , ChatGPT describes its limitations as may occasionally generate incorrect information, may occasionally generate harmful instructions or biased content, and has limited knowledge of the world and events post 2021. The labor market has also improved, with unemployment declining and job growth picking up.