Financial Briefs
Baidu, the Chinese search engine company, has taken legal action against Apple and “relevant” app developers for producing fake copies of their Ernie bot app, which were available on the App Store. Ernie bot, an AI-powered chatbot launched by Baidu last month, has been referred to as China’s closest competitor to the US-developed ChatGPT. Baidu …
Baidu sues Apple and app developers for copying Ernie Bot Read More »
Banks are known for embracing advanced technology to offer better customer service and fulfill regulatory obligations. Now, with AI on the rise, banks can take advantage of language tools like ChatGPT to increase efficiency, simplify processes, and improve their offerings. There are numerous ways in which banks can use ChatGPT to their advantage, and the …
Don’t let the Chat GPT hype put you off: large language models (LLMs) and generative artificial intelligence (AI) are the secret weapons banking needs to face down Big Tech’s threat. According to Leon Gauhman, co-founder and CPO/CSO of Elsewhen, LLMs and generative AI are crucial for banks to stand up against the threat posed by …
How Generative AI is Helping Banks Tackle the Big Tech Challenge Read More »
When you purchase something, it’s easy to just swipe your card without giving it much thought. However, if you take a closer look at why and how you make those purchases, you’ll find that your financial education, values, and generational norms all play a role. Each generation has its own set of values that influence …
Personal Finance Habits Across Generations: Any Differences? Read More »
AI, particularly Chat-GPt, is becoming crucial for businesses to stay relevant in global trends. The financial sector is adopting ESG principles, with many firms prioritizing sustainability roles to align with ESG reporting. Task Force on Climate-Related Financial Disclosures (TCFD) has developed a framework to disclose climate-related risks and opportunities, with momentum gained in most European …
AI Revolutionizes Banking Sustainability: ChatGPT at work Read More »
The rise of artificial intelligence is evident, and although relying on ChatGPT for investment advice is not recommended, financial advisors can benefit from OpenAI’s technology to enhance their work and improve customer experience. Here are seven ways to leverage ChatGPT to your advantage as a financial advisor: Read more at Linkedin
Financial services CX leaders have been searching for the perfect tools to improve customer service and grow their business for years. ChatGPT has been proposed as a game-changer in the industry, with some suggesting it could replace human workers. However, Matt McConnell, director of Intradiem, which specializes in automated intelligence solutions for customer service teams, …
Intradiem: 3 Factors to Consider for ChatGPT in Financial Services CX Read More »
Senior policymaker and Monetary Policy Committee member Silvana Tenreyro has suggested that the Bank of England may need to cut interest rates earlier and more rapidly to counter the economic slowdown and lower inflation caused by previous rate increases. Tenreyro noted that global energy prices have fallen sharply, leading to indications that inflation could drop …
