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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. GenAI is seeing varied use cases in banking.

Examples 222
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RegTech: How investment trends are impacting the industry—and how the ecosystem can work with the regulator

Accenture

Development was evident everywhere—product, but also management teams. I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We’re lucky to have Jason Boud—who is pulling together a strong community in London—with us in the Labs.

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RegTech: How investment trends are impacting the industry—and how the ecosystem can work with the regulator

Accenture

Development was evident everywhere—product, but also management teams. I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We’re lucky to have Jason Boud—who is pulling together a strong community in London—with us in the Labs.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience.

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5 Ways Credit Unions Can Be More Resilient with AI and Analytics

FICO

A credit union’s strengths lie in its members, its service, its community involvement, and the community’s trust. On the other side, you have FinTechs – they are much smaller and less regulated, but they have the digital savvy to steal customers and they’re taking advantage of market gaps in innovative ways.

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Banking on a Winner: Fostering innovation to compete in today’s financial environment

ZootBlog

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Smaller community banks are finding it beneficial to collaborate with neobanks. They become students of the game. So what does this have to do with banking? Everything.