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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. What are the observations of front-line employees?

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Four Hot Areas for AI in Financial Services

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In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. In February 2024, AI chipmaker Nvidia’s market cap topped $1.83 Another sign of the AI boom? trillion, surpassing Alphabet and Amazon.

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Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. In February 2024, AI chipmaker Nvidia’s market cap topped $1.83 Another sign of the AI boom? trillion, surpassing Alphabet and Amazon.

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The State of Security in 2024: The Bad Guys Love AI Too

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Watch supply-chain attackers hit software providers in a broader range of market segments besides manufacturing and government. The “Citrix Bleed” vulnerability, related to Citrix’s remote access technology, hurt companies ranging from Boeing, Toyota Financial Services, and ICBC, China’s massive state-owned bank, as Forbes reported.

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Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. In February 2024, AI chipmaker Nvidia’s market cap topped $1.83 Another sign of the AI boom? trillion, surpassing Alphabet and Amazon.

article thumbnail

Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. In February 2024, AI chipmaker Nvidia’s market cap topped $1.83 Another sign of the AI boom? trillion, surpassing Alphabet and Amazon.

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How can AI increase your business’s bottom line?

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In insurance, for instance, AI is already being used to automate claims processing and identify fraudulent claims. Insurance companies are also leveraging AI-powered chatbots to answer customer questions 24/7, freeing up customer service representatives to provide more in-depth support.