Elder financial exploitation has been a problem for banks for years, and it's getting worse. Gunther offers practical suggestions for what banks should do when they suspect an older customer is a victim.
The Arkansas community development financial institution has an ambitious goal of making $500 million worth of mortgages in rural, minority and low-income neighborhoods.
Financial institutions have dramatically increased their investment and trust in large language models since 2023. Ramakrishnan, Capgemini's deputy CEO of Financial Services and head of banking and capital markets, shares the results of a recent report that analyzed these changes.
Dobrin, founder of advisory firm Qantm AI and former global chief AI officer at IBM, warns that popular generative AI models were trained on the whole of the internet and hallucinate at an unacceptable rate.
Petrou, the managing partner at Federal Financial Analytics and a longtime observer of banking and regulation, says banks need to do far more due diligence on potential fintech partners and exert more control over these relationships.
Two veterans and executives at Armed Forces Bank — Tom McLean and Jodi Vickery — share the challenges their customers face and new products the bank has rolled out this year to better serve them.
Foundational models like GPT-4, the large language model behind ChatGPT, have hoovered up content from publications like The New York Times and social media sites like Reddit and OpenAI, and it faces several lawsuits because of this. John Thompson, global head of artificial intelligence at EY and author of the book "Data for All," has set up what is believed to be the largest private, secure generative AI environment in the world, with a focus on keeping internal data protected.
Proof of identity is critical for many things, including being able to open a bank account, get a job or obtain health care. Yet proving one's identity is getting harder in a world of frequent data breaches. We asked Mariana Dahan, founder of the World Identity Network and chair of the Universal ID Council, what she thinks will solve this problem.
