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Many professionals were also concerned about cybersecurity threats

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Generative AI technologies can automate time-consuming tasks for finance professionals, but can they be trusted to give the right answers?

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To unlock the full value of generative AI, banks, insurers and capital markets firms will need to examine the fundamentals of their business.

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AI could become a tech boondoggle if your criteria for success is only to keep pace with the competition.

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As AI capabilities continue to evolve, its integration into banking operations holds the promise of revolutionizing traditional practices and fostering a more agile, customer-centric approach.

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Oracle shares gained after the bell Monday as the company reported results that beat analysts' expectations and highlighted its position amid the artificial intelligence (AI) boom.

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AI is the current buzzword on the mouth of every tech-minded person, from huge corporations to small entrepreneurs.

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For financial advisors, these tools can assist in modeling various scenarios and conducting exhaustive analyses for their clients.

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With careful consideration and strategic implementation, AI stands poised to revolutionise financial decision-making, driving improved outcomes and enhanced customer experiences in the years to come.

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The survey found that while about 75% of respondents experimented with generative AI in 2023, only 9% said they had adopted the technology widely.

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