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Tag: financial services

  • The Register: IBM: Insurance industry bosses keen on AI. Customers, not so much

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    Source URL: https://www.theregister.com/2024/10/16/ibm_insurance_industry_bosses_keen/ Source: The Register Title: IBM: Insurance industry bosses keen on AI. Customers, not so much Feedly Summary: Fewer than 30% of clients happy dealing with a generative AI virtual agent An IBM study has found most insurance industry leaders believe generative AI is essential to keep pace with competitors. However, only a…

  • Hacker News: Headstart accelerates software development by up to 100x with Claude

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    Source URL: https://www.anthropic.com/customers/headstart Source: Hacker News Title: Headstart accelerates software development by up to 100x with Claude Feedly Summary: Comments AI Summary and Description: Yes **Summary:** Headstart, an AI-native software development company, utilizes Claude, an advanced AI model, to drastically accelerate software development projects while maintaining stringent security protocols. The integration of Claude has enabled…

  • Scott Logic: Introducing FINOS Common Cloud Controls (CCC)

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    Source URL: https://blog.scottlogic.com/2024/09/23/intro-finos-ccc.html Source: Scott Logic Title: Introducing FINOS Common Cloud Controls (CCC) Feedly Summary: FINOS Common Cloud Controls (CCC) is an open standard by FINOS, to describe consistent controls for compliant public cloud deployments in the financial services sector. The project is supported by Scott Logic, aligning with its mission to promote and support…

  • Slashdot: India Cenbank Chief Warns Against Financial Stability Risks From Growing Use of AI

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    Source URL: https://tech.slashdot.org/story/24/10/14/1454216/india-cenbank-chief-warns-against-financial-stability-risks-from-growing-use-of-ai?utm_source=rss1.0mainlinkanon&utm_medium=feed Source: Slashdot Title: India Cenbank Chief Warns Against Financial Stability Risks From Growing Use of AI Feedly Summary: AI Summary and Description: Yes Summary: The text discusses the implications of AI and machine learning in the financial services sector, highlighting the associated risks, including financial stability risks and vulnerabilities to cybersecurity threats.…

  • Cloud Blog: Real-time data for real-world AI with support for Apache Flink in BigQuery

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    Source URL: https://cloud.google.com/blog/products/data-analytics/introducing-bigquery-engine-for-apache-flink/ Source: Cloud Blog Title: Real-time data for real-world AI with support for Apache Flink in BigQuery Feedly Summary: Today’s organizations aspire to become “by-the-second" businesses, capable of adapting in real time to changes in their supply chain, inventory, customer behavior, and more. They also strive to provide exceptional customer experiences, whether it’s…

  • The Register: Asian crime gangs are growing – fast – thanks to AI and other tech

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    Source URL: https://www.theregister.com/2024/10/09/the_criminals_are_gaining_efficiencies/ Source: The Register Title: Asian crime gangs are growing – fast – thanks to AI and other tech Feedly Summary: UN report finds Telegram, cryptocurrency are tools of a growing ‘criminal service economy’ Organized crime syndicates across Asia are using AI, messaging platforms like Telegram, and cryptocurrency to help them expand, with…

  • CSA: Empowering BFSI with Purpose-Built Cloud Solutions

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    Source URL: https://www.tatacommunications.com/blog/2024/08/empowering-bfsi-with-purpose-built-cloud-solutions/ Source: CSA Title: Empowering BFSI with Purpose-Built Cloud Solutions Feedly Summary: AI Summary and Description: Yes Summary: The text discusses the transformative impact of cloud computing on India’s financial sector, highlighting how it supports financial inclusion, regulatory compliance, and innovation. It underscores the necessity of cloud technology for enhancing banking capabilities and…

  • The Register: NTT Data, IBM, team on mainframe cloud for banks

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    Source URL: https://www.theregister.com/2024/09/19/ntt_data_ibm_mainframe/ Source: The Register Title: NTT Data, IBM, team on mainframe cloud for banks Feedly Summary: SimpliZCloud is only for India right now, based on big Blue’s LinuxONE The mainframe has found another role, thanks to Japan’s IT services giant NTT Data which has decided to build a hybrid cloud service based on…

  • CSA: What is DORA? Key Compliance Impacts and Strategies

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    Source URL: https://www.owndata.com/blog/the-dora-quest-beware-of-vendors-with-magic-beans Source: CSA Title: What is DORA? Key Compliance Impacts and Strategies Feedly Summary: AI Summary and Description: Yes **Summary:** The text discusses the implications of the Digital Operational Resilience Act (DORA) on financial services firms and their ICT third-party providers, emphasizing the legislation’s impact on risk management, incident reporting, resilience testing, and…

  • CSA: The State of Cloud Security in Financial Services

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    Source URL: https://cloudsecurityalliance.org/blog/2024/08/29/the-state-of-cyber-resiliency-in-financial-services Source: CSA Title: The State of Cloud Security in Financial Services Feedly Summary: AI Summary and Description: Yes Summary: The text discusses key insights from an upcoming report on cloud resiliency in the financial services sector, identifying major cybersecurity challenges, regulatory frameworks, and emerging risks, such as those posed by generative AI.…