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
Capital One fine is latest wake-up call for banks using the cloud
By Penny Crosman, American Banker 7 August 2020 URL: https://www.americanbanker.com/news/capital-one-fine-is-latest-wake-up-call-for-banks-using-the-cloud It’s been more than a year since Capital One Financial said it had suffered a data breach that exposed the personal information of 106 million customers, but the lessons from the episode are as timely as ever.The $80 million penalty assessed by the Office of … Continue reading Capital One fine is latest wake-up call for banks using the cloud
The curious case of the Vatican and credit default swaps
By Penny Crosman, American Banker 26 July 2018 URL: https://www.americanbanker.com/news/the-curious-case-of-the-vatican-and-credit-default-swaps Are credit-default swaps harmful to consumers and society at large? The Vatican reignited a debate on the topic recently when it issued a document chastising the financial services industry for immoral behavior, specifically calling out credit default swaps, subprime mortgages, and algorithmic models used to … Continue reading The curious case of the Vatican and credit default swaps
Banks’ underground data vault is evolving — will it use blockchain next?
By Penny Crosman, American Banker 16 February 2018 URL: https://www.americanbanker.com/news/banks-underground-data-vault-is-evolving-will-it-use-blockchain-next Two years ago, dozens of U.S. banks, including Citigroup, JPMorgan Chase and Bank of America, began working on a secret, ultrasecure data bunker called Sheltered Harbor that would hold a copy of all bank transaction data in the event of a devastating cyberattack. But the banks … Continue reading Banks’ underground data vault is evolving — will it use blockchain next?
A CEO’s Guide to Managing and Leveraging Enterprise Data Assets
insidebigdata.com/2017/06/14/ceos-guide-managing-leveraging-enterprise-data-assets/ Editorial Team It is a given that CEOs have deep knowledge about how to monitor and manage their enterprise’s financial assets, their physical assets and, of course, their human assets. However, it is quite rare for a CEO to have even a basic understanding of what is involved in managing and leveraging all the … Continue reading A CEO’s Guide to Managing and Leveraging Enterprise Data Assets
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
Meet the 2016 CIO of the Year finalists
By Pam Hoff, Tampa Bay Business Journal 20 July 2016 URL: http://www.bizjournals.com/tampabay/news/2016/07/20/meet-the-2016-cio-of-the-year-finalists.html 2016 CIO of the Year Awards will be held on Aug. 25. Event details to come. A panel of judges has named 20 local businesspeople finalists for the Tampa Bay Business Journal's 2016 CIO of the Year Awards.Additionally, three winners have been named in separate categories. … Continue reading Meet the 2016 CIO of the Year finalists
Leading digital change means moving beyond the mission statement … and you can start by banishing the word “impossible”
by CIO staff, CIO 28 March 2016 URL: http://www.cio.com/article/3048249/leadership-management/leading-digital-change-means-moving-beyond-the-mission-statement.html At the CIO Perspectives event in Atlanta earlier this month, Steve Rubinow, CTO at Catalina Media Lab, spoke to the audience about how to lead a traditional business into the digital world. “[In our industry], everybody knows they need to do something, nobody knows exactly what they need … Continue reading Leading digital change means moving beyond the mission statement … and you can start by banishing the word “impossible”