Category «AI in Banking and Finance»

AI in Banking and Finance, January 31, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: The Bloomberg Terminal Now Has AI-Generated Summaries of Earnings Calls; Call for papers on Artificial Intelligence in Finance: Next level of artificial intelligence is difficult for banks; Sustainable Banking: Charting The Future With AI And Data Analytics; More impactful than the internet’: How AI will reshape banking jobs; and The fight against greenwashing starts with AI. Here’s why.

Subjects: AI, AI in Banking and Finance, Climate Change, Economy, Environmental Law, Financial System

AI in Finance and Banking January 15, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Four highlights from this post: The Macroeconomics of Artificial Intelligence; AI Tool Helps Fix Faulty Trades Amid Shift to Faster Settlement Times; Scenario Planning for an A(G)I Future; and Are ChatGPT and GPT-4 General-Purpose Solvers for Financial Text Analytics? A Study on Several Typical Tasks.

Subjects: AI in Banking and Finance, Cryptocurrency, Cybercrime, Cybersecurity, Economy, Financial System, Securities Law

AI in Banking and Finance, December 31, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Four highlights from this post: The AI advantage: How artificial intelligence is revolutionising commercial finance; Proposed Rule: Conflicts of Interest Associated with the Use of Predictive Data Analytics by Broker-Dealers and Investment Advisers; Using generative artificial intelligence as a financial tool; and Enhancing AI in Finance Through Regulatory Sandboxes.

Subjects: AI in Banking and Finance, Government Resources, Legal Research

AI in Banking and Finance, December 16, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this post: Predicting the Law: Artificial Intelligence Findings from the IMF’s Central Bank Legislation Database; The Financial Stability Oversight Council (FSOC) Annual Report 2023; The Macroeconomics of Artificial Intelligence; and A lot of people aren’t happy with Europe’s new AI Act.

Subjects: AI in Banking and Finance, Financial System, Government Resources, Legal Research, Legislative, United States Law

AI in Banking and Finance, November 30, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this post: The Robots Will Insider Trade; AI’s Reverberations across Finance; JPMorgan Says AI Technology Is Starting to Generate Revenue; and BankThink Gen AI is the key to making Gen Z love banks.

Subjects: AI in Banking and Finance

AI in Banking and Finance, November 16, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this post: AI Guide for Government, A Living and Evolving Guide to the Application of Artificial Intelligence for the U.S. Federal Government; The A.I. Dilemma: Growth versus Existential Risk; The world is locked in a race, and competition, over dominance in AI; and Nontraditional Data, Machine Learning, and Natural Language Processing in Macroeconomics.

Subjects: AI in Banking and Finance

AI in Banking and Finance, October 31, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this post: President Biden issued a landmark Executive Order to ensure that America leads the way in seizing the promise and managing the risks of artificial intelligence; Economic Growth under Transformative AI; Bank of England – Artificial Intelligence and Machine Learning; and Financial intermediation and technology: what’s old, what’s new?

Subjects: AI in Banking and Finance, Financial System, Government Resources, Legal Research

Why Google, Bing and other search engines’ embrace of generative AI threatens $68 billion SEO industry

Dr. Ravi Sen discusses how Google, Microsoft and others boast that generative artificial intelligence tools like ChatGPT will make searching the internet better than ever for users. For example, rather than having to wade through a sea of URLs, users will be able to just get an answer combed from the entire internet. There are also some concerns with the rise of AI-fueled search engines, such as the opacity over where information comes from, the potential for “hallucinated” answers and copyright issues. But one other consequence is that I believe it may destroy the US$68 billion search engine optimization industry that companies like Google helped create.

Subjects: AI, AI in Banking and Finance, Economy, Search Engines, Search Strategies

AI in Banking and Finance, October 15, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Five highlights from this week: Bias, fairness, and other ethical dimensions in artificial intelligence; US Warns EU’s Landmark AI Policy Will Only Benefit Big Tech; Federal Reserve Vice Chair for Supervision Michael Barr said generative artificial intelligence could lead to a cybersecurity “arms race” for bank; Exporting the Surveillance State via Trade in AI; and Does Human-Algorithm Feedback Loop Lead to Error Propagation? Evidence from Zillow’s Zestimate.

Subjects: AI in Banking and Finance, Cybercrime, Cybersecurity, Financial System, Legal Research, Privacy

AI in Banking and Finance, September 30, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this week: European Central Bank Is Experimenting With a New Tool: A.I.; UM expert testifies on the dangers of AI in banking; 80% of Large Enterprise Finance Teams Will Use Internal AI Platforms by 2026.; and Five Use Cases for CFOs with Generative AI. Q&A with Alex Bant.

Subjects: AI in Banking and Finance, Business Research, Financial System, Legal Research