Banks divided over powerful, yet problematic, AI toolsBy Bill Lumley
July 26, 2023
Generative artificial intelligence is taking off at some banks but integrating it throws up challenges over its accuracy and regulatory compliance.
Japan’s third largest bank, Mizuho Bank, rolled out Microsoft-backed OpenAI to its entire 45,000-strong Japanese workforce in June. Mizuho is actively encouraging staff in its core lending ...
The technology that drives ChatGPT could revolutionise how banks manage complex and time consuming processes in areas like compliance, but it will come with risks. In 2017, the chief executive...Read more