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Curious about how Gen AI is changing the game? Join us at our Generative AI Symposium in New York City on September 18 as we dive into AI governance, how to manage your data, which ROI use cases you should focus on and much more. We'll have live demos all day and insurance and banking-specific tracks in the morning to help spark new ideas for your organization. Register your interest to join us in New York today > https://bit.ly/3L1zLX2 The event is for financial institutions only and geared towards those focused on insurance and banking. #AI #data #IndustryTrends

Recent breakthroughs in AI technology promise new capabilities that enhance investigator efficiency and detect new types of money laundering. In their co-authored report, "AI vs Dirty Money," Ian Watson, our Head of Risk, and David Choi, Partner in Oliver Wyman's Global Anti-Financial Crime practice, explore the latest AI adoption trends, use cases for FCC capabilities, AI implementation considerations, and how AI will enable a more integrated approach to financial crime compliance. Discover more today: https://bit.ly/4chCGFY

Curious about how your peers are leveraging Gen AI in their business? Our Generative AI Insurance Showcase catalog is here to help you along your Gen AI journey. From claims and underwriting to customer service and tech support, explore a wide range of demonstrations featuring cutting-edge Gen AI products across the insurance value stream. Start exploring today > https://bit.ly/4dvODsY #GenAI #insurance #demos

The CrowdStrike "CrowdOut" incident serves as a critical reminder of our systems' vulnerability to disruptions, not just from cyber attacks but also from internal glitches. Neil Katkov, Director of Risk, highlights key lessons for technology strategists to keep in mind going forward: 1️⃣ Resiliency is Key: Financial institutions (FIs) must have robust recovery plans, including cold system backups and business continuity strategies. 2️⃣ Avoid Single Points of Failure: Design software architectures to withstand individual component failures. 3️⃣ Vendor Due Diligence: Ensure thorough vetting of vendors' development and quality control processes. 4️⃣ Multi-Cloud Strategies: Consider multi-cloud architectures to mitigate risks from single-source dependencies. Dive deeper into these key lessons here > https://bit.ly/3LVTfg6 #CrowdStrike #Risk #FinTech

Generative AI has rapidly gained traction, with over 2 million developers building applications since the ChatGPT API launch in March 2023. The insurance industry is no exception, with many carriers exploring Gen AI to enhance productivity and customer service. As insurance leaders look to scale Gen AI, there are several key considerations they should keep in mind. Jaspaul Saini, Principal Insurance Analyst, dives deeper > https://bit.ly/3A2U58f #GenAI #insurers #ChatGPT

Curious about how Gen AI went from science fiction to reality? Join us in New York City on September 18 to hear from Vivek Sarkar, Dean of the College of Computing at Georgia Tech, as he dives into this question and explores its potential. This event is open to financial executives only. Register today: https://bit.ly/3WLsamb #AI #GenerativeAI

Ian Watson, Head of Risk Management, recently attended Capgemini's roundtable on AI and automation sanctions, where global banking leaders discussed the challenges of AML and sanctions compliance. Despite the benefits, AI adoption in sanctions remains slow due to regulatory concerns and resource constraints. As AI starts to reduce false positives and enhance risk assessments, could we start to see a shift towards more innovation in financial crime compliance? Ian shares his thoughts and observations in his latest blog > https://bit.ly/3WiyKir #AI #Risk #Finance

With the US successfully transitioning to T+1, the EU is gearing up for its move by the end of 2027. As the UK and EU embark on this journey, the benefits of accelerated settlement are clear: enhanced liquidity, reduced counterparty risk, and lower credit risks. However, significant technological advancements are needed by the end of 2027. Monica Summerville, Head of Capital Markets, dives deeper into benefits and technology challenges ahead > https://bit.ly/4bT3356 #CreditRisk #Technology

While at this year's Finovate Spring in San Francisco, Alenka Grealish, Principal Banking Analyst, sat down with the team to discuss what's hot and what's not in fintech. From Gen AI to digital transformation in retail banks she shares her insights on what's currently trending in the industry. Check out her full interview > https://bit.ly/3SjtKJa #GenAI #DigitalTransformation #RetailBanks

To round out our top insights of 2024, we look back at Karun Arathil's, Senior Analyst on our Insurance team, analysis of how automated underwriting is revolutionizing the insurance industry and meeting customer demands for a seamless buying experience. He looks at the benefits of implementing automated underwriting and how leveraging the advanced technology can help streamline your business. Discover more > https://bit.ly/4cyFDDi #DigitalTransformation #underwriting #innovation