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AI, ML, and Data Proliferation in Financial Services

IT Toolbox

AI is gaining popularity in applications such as risk assessment, detection of fraud, and planning sales and operations. The post AI, ML, and Data Proliferation in Financial Services appeared first on Spiceworks.

Financial 162
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5 ways GenAI is transforming financial planning for banks

CIO Business Intelligence

This includes leveraging AI to significantly enhance financial planning and analysis (FP&A) processes by automating routine tasks such as accounts payable, journal entries, data gathering, and reporting. Early applications of AI in FP&A have already demonstrated a powerful impact. of total industry revenues.

Financial 111
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How genAI is transforming financial services

CIO Business Intelligence

By Michael Cullum, VP of Engineering at Bud Financial Generative AI (genAI) is a powerful tool that is transforming the financial industry and empowers financial services professionals. From refining risk decisions to shaping innovative propositions and offering predictive customer service, the potential applications are vast.

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Ally Financial finds gen AI success with 3 guiding principles

CIO Business Intelligence

Bank holding company Ally Financial is determined to stay at the cutting edge of technology in the financial industry. Today, that means leveraging gen AI to transform its business. But Ally is part of a highly regulated industry, which has seen many banks and financial institutions delayed by regulations. Allys answer?

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Oracle Fusion Data Intelligence gets Gen AI-powered developer assistant

CIO Business Intelligence

Oracle will be adding a new generative AI- powered developer assistant to its Fusion Data Intelligence service, which is part of the company’s Fusion Cloud Applications Suite, the company said at its CloudWorld 2024 event. However, it didn’t divulge further details on these new AI and machine learning features.

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Embracing sustainable IT unlocks environmental, business, and financial benefits

CIO Business Intelligence

Cegal’s results include achieving a sustainable IT lifecycle model, a 58% improvement in data delivery speed, an 80-90% reduction in data center footprint, and near-100% uptime for business-critical applications. Without it, business growth can be stifled and market opportunities missed. What is Dell Technology Rotation?

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Principal Financial unifies IT to lay foundation for growth

CIO Business Intelligence

For companies whose business units have traditionally operated independently, centralizing IT operations under one strategy can reap significant benefits — especially when it comes to offering a holistic customer experience and establishing a unified data foundation for leveraging the latest emerging technologies.

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