finance
The finance sector spreads its influence further into the AI industry.
Cloud, AI and cybersecurity are top of mind for the bank managing $3.6 trillion.
“‘I did not understand it’ is not a defence" says FCA and denies new senior managers regime is needed.
"We didn't start from nothing, we had the principles of model risk management, information security, and privacy..."
Retail finance is a great "proving ground" for the technology...
FinLLM boasts a broad range of use cases specific to sector
Banking group facing huge payout after allegedly making "insufficient progress" on risk and data quality management transformation
Processes around spreadsheets become ossified and unable to change..."
"It's probably quicker to fly with a bag of cash than it is to actually route the payment..."