Category «AI in Banking and Finance»

AI in Finance and Banking – March 31, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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: More than 200 Lloyds bank bosses to receive artificial intelligence training; How Much Should We Spend to Reduce A.I.’s Existential Risk?; China’s Central Bank Pushes for Artificial Intelligence Integration in Digital Finance; Why, what; and how financial services firms can be AI-First; and Euromoney report – AI in Banking.

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Subjects: AI, AI in Banking and Finance, Economy, Financial System

AI in Finance and Banking, March 18, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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 Finance Sector Is Hitting an Inflection Point With AI; Artificial Intelligence and the Labor Market; China’s central bank vows to promote applications of AI large language models;  AI and the Extended Workday: Productivity, Contracting Efficiency, and Distribution of Rents; and The AI supply chain – We find that the LLM agents display mixed performance in these general tasks. They lack the awareness to learn from mistakes and the capacity for self-correction. LLMs’ performance in the most complex cognitive subtasks may not be the limiting factor for their deployment in real-world environments. Instead, it would be important to evaluate the capabilities of AGI-aspiring LLMs through general tests that encompass multiple cognitive tasks, enabling them to solve complete, real-world applications.

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Subjects: AI, AI in Banking and Finance, Cryptocurrency, Economy, KM

AI in Finance and Banking, February 28, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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: Jobs Being Cut in Banking Industry – Bankers take note: AI could be your next coworker.; Intelligent Banking: A blueprint for creating value through AI-driven transformation; AI in financial services must be prioritised; 4 ways that AI and tech are reshaping finance. Why It Matters; and Artificial intelligence and relationship lending.

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Subjects: AI in Banking and Finance, Economy, Financial System

AI in Finance and Banking, February 17, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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: AI and Women’s Employment in Europe; Digital Innovations for Increasing Financial Inclusion: CBDC, Cryptocurrency, Embedded finance, Artificial Intelligence, WaaS, Fintech, Bigtech, and DeFi; 2025 Global Outlook for Banking and Financial Markets; and AI in Finance Summit New York, April 15-16, 2025.

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Subjects: AI in Banking and Finance, Cryptocurrency, Economy, Financial System

AI in Finance and Banking, January 31, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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: As artificial intelligence (AI) continues to shape industries worldwide, its role in banking has quietly evolved behind the scene; Research: How Gen AI Is Already Impacting the Labor Market; Governance of AI adoption in central bank; AI will have a major impact on labor markets. Here’s how the US can prepare; and How Artificial Intelligence Will Affect Asia’s Economies.

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Subjects: AI in Banking and Finance

AI in Finance and Banking, January 15, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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. Six highlights from this post: Wall Street Faces 200,000 Job Cuts as AI Transforms the Workforce; Can We Statically Locate Knowledge in Large Language Models? Financial Domain and Toxicity Reduction Case Studies; AI Financial Advisers Target Young People Living Paycheck to Paycheck; How AI is changing banking jobs: Rise of the ‘AI whisperer’; Your AI credit models are fine, but their training data is problematic; and Great Southern loan officers use gen AI to ‘chat’ with data.

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Subjects: AI in Banking and Finance, Economy, Education

AI in Finance and Banking, December 31, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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: Report on the Uses, Opportunities and Risks of Artificial Intelligence in the Financial Services Sector; How AI could change the work of bank CEOs; US Treasury Releases Reports on AI in Financial Services; IMF – Artificial Intelligence, Dollar, Growth, and Debt Drove 2024 Blog Readership; and OECD – Artificial Intelligence and tourism.

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Subjects: AI in Banking and Finance, Big Data, Cybercrime, Cybersecurity, Privacy, Technology Trends

AI in Finance and Banking – December 16, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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: Generative artificial intelligence and cyber security in central banking; Research: How Gen AI Is Already Impacting the Labor Market; Wall Street’s AI-powered rally risks ‘correction’, Vanguard warns; Regulating AI in the financial sector: recent developments and main challenges; Large language models: a primer for economists; and AI and the Labor Market: Will Firms Hire, Fire, or Retrain?

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Subjects: AI in Banking and Finance, Cybersecurity, Economy, Education, Legal Research

AI in Finance and Banking, November 30, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions 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: AI and Finance; Generative AI for Economic Research: LLMs Learn to Collaborate and Reason; Fed’s Bowman: Regulators ‘must have an openness’ to AI; Redefining Finance: The Influence of Artificial Intelligence (AI) and Machine Learning (ML); and JPMorgan Chase and Capital One are winning at AI banking — and their lead is getting bigger.

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Subjects: AI in Banking and Finance

AI in Finance and Banking, November 17, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers and conferences, 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 Financial Stability Implications of Artificial Intelligence; The transformative power of AI: economic implications and challenges; ECB Call for papers; Artificial Intelligence, Big Data, and the Path Ahead for Productivity; FSB Roundtable on Artificial Intelligence (AI) in Finance: Summary of key findings; and Concentrating Intelligence: Scaling and Market Structure in Artificial Intelligence.

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