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What telco mobile money licenses mean for Nigeria’s financial services sector

CIO Business Intelligence

Over the last decade Africa has gained a reputation for global leadership in mobile money, with Kenya at the forefront, but up to now financial services via mobile phones have not taken deep root in the continent’s most populace country — Nigeria. With the new licenses, banks are set to face some challenges from the telecommunications sector.

Licensing 111
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New trade body wants to license training data for AI use

CIO Business Intelligence

Seven companies that license music, images, videos, and other data used for training artificial intelligence systems have formed a trade association to promote responsible and ethical licensing of intellectual property.

Licensing 128
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NASA overspent $15 million on unused Oracle licenses as it failed to track usage

CIO Business Intelligence

The report attributes the huge over-expenditure to vendor lock-in and NASA’s unwillingness to risk a license audit by Oracle because of its lack of visibility into software management. These challenges expose the agency to increased costs because of penalties for violations of software licensing agreements, the report showed.

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Principal Financial unifies IT to lay foundation for growth

CIO Business Intelligence

That’s where EVP and CIO Kathy Kay found herself in coming to Principal Financial Group from PG&E in May 2020 with a desire to lead an aggressive plan to adopt digital technologies, ranging from the cloud to AI. To enable more AI, Principal’s engineers are using GitHub Copilot for generating code, Kay adds.

Financial 124
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Scenario planning: strategy for the future of global financial services

Trends in the Living Networks

For my keynote at the Vision 2020 Financial Services conference last month in Mumbai I prepared some 'quick and dirty' scenarios for the global financial services industry landscape in 2020 from a technology perspective. Below are the scenarios in detail: Driving Forces: Global Financial Services. Economic shift.

Financial 116
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Marc Andreessen on the future of technology and implications for interactions between government and citizens

CTOvision

We can say the same with auto insurance and crop insurance, financial services, loan risk scoring – all of which can be done far more accurately now than historically. Also consider the application of AI and automation to constructs like the drivers license. My advice here is to track developments in the commercial world closely.

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Goodbye, Ctrl+F: AI startup aims to help financial analysts scour corporate filings with chatbot tool

GeekWire

LinkedIn Photo) A new startup wants to make financial analysts more efficient with its chatbot tool that uses artificial intelligence to search publicly available business filings and answer research questions in natural language. Euclidean Photo) The startup is developing a ChatGPT-like interface. Finpilot CEO Lakshay Chauhan.

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