GFT and NVIDIA will focus on developing retrieval-augmented generation (RAG) workflows – systems that combine LLMs with specific company data to improve accuracy – and AI assistants for customer service applications. This approach will enable… Article Source https://fintechmagazine.com/articles/nvidia-gft-innovating-for-banks-in-open-source-ai-deal
CX Today’s Tom Wright interviews Cisco VP Vinod Muthukrishnan and Umpqua Bank’s Cameron Mitchell at WebexOne. They discuss: 1. The challenges Umqua faced with its on-prem tech2. Why the migration had to… Article Source https://www.cxtoday.com/contact-centre/webexone-24-umqua-banks-lightning-move-to-the-cloud-with-cisco/
Last week, a cybersecurity-focused trade group for the financial services industry released a whitepaper advocating for banks and other institutions to adopt an agility around encryption standards, so they can switch algorithms as needed if… Article Source https://www.americanbanker.com/news/why-banks-need-to-plan-beyond-post-quantum-encryption
Come on down to the market and get yourself some trades! Catalysts hosts Seana Smith and Madison Mills report on the biggest market stories in the first full trading hour of Thursday’s session. Moody’s Analytics chief economist Mark Zandi sits… Article Source https://finance.yahoo.com/video/big-banks-adoption-ai-hpe-172644916.html
Edgar Cervantes / Android Authority TL;DR Google Wallet is further expanding the number of financial institutions it supports. The app is adding 16 new banks this month. It has also added a new prepaid gift card option. Google Wallet already… Article Source https://www.androidauthority.com/google-wallet-adds-new-banks-3491523/
Key Takeaways Google Wallet has expanded beyond just credit and debit cards, with the ability to add travel passes, concert tickets, and more. Support for 17 new banks has been added to Google Wallet, making it easier for users to add… Article Source https://www.androidpolice.com/google-wallet-adds-17-new-supported-banks-in-the-us/
In this photo illustration, a Core Weave logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images CoreWeave, an Nvidia-backed artificial intelligence startup that… Article Source https://www.cnbc.com/2024/10/11/nvidia-backed-coreweave-picks-up-650-million-credit-line.html
Banks across India are on high alert following warnings from regulators regarding potential cyber attacks. The Reserve Bank of India has instructed financial institutions to proactively monitor their systems around the clock in response to credible threat information. This advisory was issued on June 24th, urging banks to enhance surveillance and resilience capabilities to protect … Read more
A recent study from IBM’s Institute for Business Value (IBV) shows that 86% of banks worldwide, including those in Brazil, are either developing or preparing to implement generative AI use cases. The majority of banks surveyed (78%) are taking a tactical approach, while a smaller percentage (8%) are adopting a more systematic and comprehensive approach … Read more
Google Wallet has expanded its support to include 29 new banks, bringing the total number of supported banks to over 200 by 2024. The digital wallet allows users to store and use bank cards, passes, keys, tickets, and IDs for easy access. Many major retailers in the US accept payments through Google Wallet, with efforts … Read more