Category: Innovation

Vibe coding as a productivity tool: What banks should know

By Penny Crosman, American Banker, 26 June 2025 URL: https://www.americanbanker.com/news/is-vibe-coding-safe-for-banks The idea of vibe coding — sharing your feelings about the kind of software you want to create with a generative AI coding assistant, rather than feeding it clear instructions — has become popular. It also seems antithetical to working in a bank, where everything, … Continue reading Vibe coding as a productivity tool: What banks should know →

Study: RAG-based LLMs less safe than non-RAG

By Anthony Malakian, waterstechnology, 29 Apr 2025 URL: https://www.waterstechnology.com/emerging-technologies/7952391/study-rag-based-llms-less-safe-than-non-rag In the world of large language models, the retrieval-augmented generation (RAG) framework has gained favor as companies have looked to develop LLMs. RAG approaches grew in popularity about a year ago as the framework was viewed as a way to reduce hallucinations related to generative AI. … Continue reading Study: RAG-based LLMs less safe than non-RAG →

‘We want to enable the whole bank with AI’: Lloyds Bank

By   Penny Crosman, American Banker, 9 April 2025 URL: https://www.americanbanker.com/news/lloyds-bank-moves-forward-with-ai-using-google-technology "The fact that Lloyds is using a variety of models makes sense in this rapidly changing AI technology landscape, said Steve Rubinow, a professor in the department of information technology and management at Illinois Institute of Technology and former chief information officer at the New … Continue reading ‘We want to enable the whole bank with AI’: Lloyds Bank →

Is there a place for ChatGPT-like tech in banks?

By Penny Crosman, American Banker 6 March 2023 URL: https://www.americanbanker.com/news/is-there-a-place-for-chatgpt-like-tech-in-banks ChatGPT, the chatbot that Microsoft made available to the public on Nov. 30, has drawn unprecedented popularity and media attention. It attracts an estimated 96 million users per month, who ask it questions of all kinds. At first, users were wowed. It was able to write … Continue reading Is there a place for ChatGPT-like tech in banks? →

Large language models: Another AI wave has come—what could it bring?

By Nyela Graham, WatersTechnology 25 January 2023 URL: https://www.waterstechnology.com/emerging-technologies/7950539/large-language-models-another-ai-wave-has-come-what-could-it-bring Since the release of ChatGPT, excitement and hype have been abundant across industries for this form of generative AI. For capital markets, the wave of innovation that could result may be a few years away but it’s worth paying attention to—and being critical of. Steve Rubinow is … Continue reading Large language models: Another AI wave has come—what could it bring? →

Morgan Stanley creates bot that does junior analysts’ work — faster

By Penny Crosman, American Banker 16 February 2021 URL: https://www.americanbanker.com/news/morgan-stanley-creates-bot-that-does-junior-analysts-work-faster Technologists at Morgan Stanley have developed a virtual assistant that helps people throughout the organization plumb useful information from the 50,000 research reports the investment bank generates every year. “Our research reports can be many, many pages long,” said Eden Kidner, global head of research … Continue reading Morgan Stanley creates bot that does junior analysts’ work — faster →

Today’s Brilliant Ideas are Tomorrow’s Legacy

By Steve Rubinow, Media and Entertainment Tech Outlook 3 August 2016 URL: http://www.mediaentertainmenttechoutlook.com/cxoinsights/today-s-brilliant-ideas-are-tomorrow-s-legacy--nid-85.html I can't think of a better way to start an article on the exciting yet challenging changes that are sending ripples (and in some cases, shock waves) through technology firms (and we are all technology firms) than to quote the late, great David Bowie: … Continue reading Today’s Brilliant Ideas are Tomorrow’s Legacy →

Telecommuting In Financial Services Is Here To Stay

Is telecommuting good for financial services workers? It depends on who you ask By Melanie Rodier, Wall Street & Technology  13 June 2013 URL: http://www.wallstreetandtech.com/career-management/telecommuting-in-financial-services-is-h/240156469 Earlier this year, Yahoo CEO Marissa Mayer made waves by announcing that her employees could no longer telecommute. The Telework Research Network estimates that over 3.15 million people consider home to be … Continue reading Telecommuting In Financial Services Is Here To Stay →

Why Didn’t Microsoft Add OMS Functionality to Excel?

By Phil Albinus, Advanced Trading 11  October 2012 URL: http://advancedtrading.com/ems-oms/why-didnt-microsoft-add-oms-functionalit/240008447 Walk onto any Wall Street trading floor -- once you get past security, of course -- and look around. It doesn't matter if you're perusing a buy side or sell side firm, a hedge fund or a broker-dealer, because you'll see the same thing: Rows and rows … Continue reading Why Didn’t Microsoft Add OMS Functionality to Excel? →