Hawk’s Post

Banks are a leading voice in the responsible use of AI. Why? One reason is the significant benefits AI can deliver in helping banks to fight financial crime, in a manner that's transparent and easy to adopt. Read more about how our purpose-built AI addresses the Wolfsberg Principles on the safe and responsible usage of AI in detecting financial crime: https://lnkd.in/epJpbDbJ For a demo on how Hawk uses explainable AI to help banks and payment providers, visit: https://hawk.ai/ #fraud #whiteboxai #ai #artificialintelligence #aml #wolfsbergprinciples #machinelearning #frauddetection #banking #bankingtech

Banks are a leading voice in the responsible use of AI. Why? One reason is the significant benefits AI can deliver in helping banks to fight financial crime, in a manner that's transparent and easy to adopt. Read more about how our purpose-built AI addresses the Wolfsberg Principles on the safe and responsible usage of AI in detecting financial crime: https://lnkd.in/epJpbDbJ For a demo on how HAWK:AI uses explainable AI to help banks and payment providers, visit: https://hawk.ai/ #fraud #whiteboxai #ai #artificialintelligence #aml #machinelearning #frauddetection #banking #bankingtech

Are you hearing the buzz about #AI and wondering how it applies to your financial institution? Learn about how you can do more with your data and leverage AI for true efficiency. Join us for an exclusive webinar, "Intelligence Everywhere: A New Era of Efficiency in Banking." Use code NCINO807 here: https://lnkd.in/e63ZdwsJ

AI = Efficiency...Register for nCino, Inc.'s upcoming webinar, "Intelligence Everywhere: A New Era of Efficiency in Banking" where you will learn about: *Data Utilization: Understand the critical nature of pinpointing and leveraging essential data components. *Process and Knowledge Efficiency: Explore how Generative AI can revolutionize banking operations and enhance information management. *Maximizing ROI: Learn to evaluate and maximize the return on investment from AI-driven initiatives.

Efficiency: noun., To accomplish something with the least waste of time and effort. In the past, efficiency in banking has meant many things. Converting operations to the cloud, tightening spend, enhancing workflows. Now, we have a new definition for efficiency. Efficiency: noun., Artificial Intelligence. Join nCino, Inc. for our upcoming webinar to see for yourself how we're redefining efficiency for our customers with #AI.

In an era where efficiency is paramount, how can banks fully harness the power of intelligence Integrated into every aspect of their operations? The answer lies in embracing advanced technologies and generative AI. Wed, Aug 7th @ 11:00am ET Use Code NCINO807 to register for FREE! https://lnkd.in/e53QKK7e

Banks have been using some form of AI for decades to automate processes like fraud detection and anti-money laundering, but when it comes to generative AI, some big questions and concerns remain. “What scares banks…[is] fear over AI hallucinations,” says Gilles Ubaghs, Strategic Advisor with Datos Insights. “Is it going to do something weird? Is my personal advisor going to give some really sketchy advice?” Listen here for more on generative AI in banking and why we believe the first use cases are likely to be in the back office:

OCC boss wants vendors and providers to ‘own’ AI safety, not just banks An excellent article from Giada Zampano for Banking Risk and Regulation on #AI safety and accountability. D2LT's Akber Datoo was pleased to comment on the recent speech from the head of the Office of the Comptroller of the Currency proposing a future safety framework for #AIadoption, stating: "It is only by forcing a joint financial and technological mindset of ownership of risks that we can create a more resilient and accountable framework for AI deployment." Read more https://lnkd.in/ebHiVH-R [Nb. this article requires a subscription or free trial]

As AI use cases advance from simpler to more complex tasks, US bankers and regulators are increasingly concerned about business risks. A recent survey found that 80% of US banking leaders worry about AI bias and 77% fear losing client trust! With 40+ AI bills in Congress this year, what's the roadmap for banks wanting to adopt AI while staying compliant? Our Chief Compliance Officer, Karla Booe breaks down the evolving US regulatory landscape, guiding financial institutions on adopting AI within regulatory frameworks and comparing approaches to Europe’s AI standards. Check out Karla’s latest insights on Finextra here: https://lnkd.in/d3WiBZSi #AI #Banking #Regulation #Compliance

Detecting bank statement fraud with AI is like having a super-smart detective on the case. Instead of manually sifting through reams of data, AI creates what's called a "fraud knowledge graph." This fancy term simply means that it maps out patterns and oddities in financial transactions. It's like connecting the dots to spot anything fishy across multiple bank statements super fast. And here's the cool part: AI is always learning, so it gets better at catching new tricks that fraudsters try: #Fintech #ArtificialIntelligence #Technology https://lnkd.in/ejb9sMZB