Synechron’s Post

As more community bankers are experimenting with #AI, what use cases should be prioritized to mitigate risk? 🤔 Carey Ransom, President of Operate and the Managing Director of BankTech Ventures, shares the few key use cases BankTech Ventures thinks these banks should consider: 1. Fraud detection and prevention 2. Personalized financial advice and product recommendations 3. Credit risk assessment 4. Customer service chatbots and virtual assistants 5. Regulatory compliance and reporting Dive into our latest article for a comprehensive look at these use cases and the six risk-mitigation principles banks should consider when rolling out AI systems: https://lnkd.in/eJB76q_N #FintechNews #Fintech #Banking #AI #RiskPrevention #Fraud

In 2024, US banks extended their dominance over the market for scarce AI talent. Across AI Development roles, the three largest US players (Wells Fargo, JPMorganChase, and Capital One) account for a staggering 17.5% of the current talent pool — and 19.4% of the interim growth year-over-year. How are they hiring and retaining their AI talent? Which non-US banks are keeping up? To find out, download the Key Findings Report here: https://lnkd.in/gBsPsg8X #evidentaiindex #evident #banking #finance #ai #artificialintelligence 

Small banks, it's time to step up your AI game! Here are three strategies to build the right talent pipeline and compete with big tech: https://lnkd.in/dy7t_XpV #Fintech #AIIntegration #FinanceInnovation #GlobalFinance #FintechNews

https://lnkd.in/gVU8BGfK Exciting times ahead in finance! Erin Francis Nicholson LLM, Global Head of Data Protection and Privacy at Thoughtworks, shares insights on how AI is reshaping the industry from personal savings accounts to the rise of fintech giants. Dive into her article to discover how AI is revolutionizing banking and ensuring financial convenience and security for all. #AIinFinance #FintechInnovation #DigitalTransformation

What are your AML & Fraud teams priorities and objectives surrounding transformation with AI & Machine Learning? ~ Read on to hear what our tech partner, Hawk AI, has to share. #amlcompliance, #realtimeanalytics, #frauddetection, #regtech, #aitechnology, #regulatorycompliance, #csi

Discover how banks can augment financial crime and fraud programs by leveraging the power of #AI and #data. HSBC is one example of the growing number of banking institutions that have taken advantage of the flexibility and adaptability of #Quantexa's Platform. Build it once, then utilize the enhanced data foundation across different departments in multiple ways. Dive into our latest blog post to find practical insights and real-world applications that can transform your compliance teams: https://okt.to/vuOQUb #DecisionIntelligence Brian Ferro, CAMS

77% of banking risk and compliance professionals say that AI will have a transformative or major effect on the sector. A recent report by Moody's Corporation found that banks have the highest expectations for AI impact, with fintechs, assets and wealth management, and insurance providers close behind. HAWK:AI is working with banks around the world to realize a transformation in false positive reduction and increased crime detection. Want to learn more? Request a demo on our website: https://hawk.ai/ #artificialintelligence #ai #financialinstitutions #fincrime #bank

Discover how banks can augment financial crime and fraud programs by leveraging the power of #AI and #data. HSBC is one example of the growing number of banking institutions that have taken advantage of the flexibility and adaptability of #Quantexa's Platform. Build it once, then utilize the enhanced data foundation across different departments in multiple ways. Dive into our latest blog post to find practical insights and real-world applications that can transform your compliance teams: https://okt.to/lH8tsV #DecisionIntelligence Brian Ferro, CAMS

It's not Sex and the City ... it's AI and the Citi - I sometimes think I’ve been sleeping when I discover a treasure trove of documents produced by a major global bank that completely passed me by, so I was delighted to discover these documents from Citibank: Citi GPS: AI in Finance: Bot, Bank & Beyond Artificial Intelligence in Finance: Opportunities & Risks AI Time: https://lnkd.in/enW4bS2U

🏦💡Big banks often dominate conversations about AI. But what about community banks and credit unions? Our CEO, Praveen T M, tackles this question head-on in his blog post. He explores how smaller financial institutions can harness AI's transformative power, turning technology into competitive advantage. Praveen's insights reveal a path forward where community-focused banks can not only compete but also potentially outmaneuver their larger counterparts.   Read Praveen's full analysis here. 👇 https://lnkd.in/gvd-qVHz #AIinBanking #FintechInnovation #CommunityBanking #CreditUnions #DigitalTransformation #BankingTech #FinancialInclusion #AIRevolution #BankingInsights #Opus