Artificial Intelligence

The evil twin sister: Gen AI’s use in fraud

  • Bad actors are using LLMs like FraudGPT and WormGPT to generate personalized phishing emails and malicious code.
  • It's not only FraudGPT and WormGPT that pose risks; regular and publicly available LLMs like ChatGPT and Bard play a role too.
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The evil twin sister: Gen AI’s use in fraud

 


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Artificial Intelligence, Member Exclusive

Letter from the editor: Some thoughts on AI and financial services

  • Beyond the hype of AI, will banks really be able to harness any of the new tools to improve customer experiences and products?
  • From Mastercard to Key Bank, it's clear that AI's first stop isn't anywhere near its last.
Zachary Miller | February 02, 2024
Artificial Intelligence, Banking

How technology may be able to do some heavy lifting for banks in 2024

  • A confluence of macroeconomic factors and technological innovations like Gen AI may lead to some important changes in the world of banking.
  • If the current proof of concepts are any indication, Gen AI will impact how banks deal with policy changes, legacy infrastructure and impact their bottom line through dynamic pricing.
Rabab Ahsan | January 18, 2024
Artificial Intelligence

Look back and move forward: Gen AI trends and takeaways

  • Gen AI is shiny, new, and promising, but for most of last year, the technology has been unable to find its way into deployment and is currently in the testing and ideation phase in banking.
  • Will 2024 be any different for Gen AI and who is in the best position to leverage it?
Rabab Ahsan | January 12, 2024
Artificial Intelligence, Banking

As Gen AI picks up pace in the financial industry, banks are still finding their place in the equation

  • Banks find themselves in a challenging position as they aim to strike a balance between unlocking the potential of AI amid growing concerns about data privacy, bias, and the proliferation of disinformation.
  • Still in its formative stages, Gen AI is evolving, propelled by the initial steps of formulating federal standards that underscore the importance of AI safety, reliability, and risk and development considerations.
Sara Khairi | January 05, 2024
Artificial Intelligence, Member Exclusive

Scout’s honored to help: Meriwest Union launches a digital assistant called Scout

  • Meriwest Union has launched its own digital assistant called Scout, with a whole marketing campaign designed around it.
  • Credit unions have generally been much faster than banks at two types of technological adoption: APIs and digital assistants. Scout's launch is the credit union's attempt to pad out its digital offering.
Rabab Ahsan | December 18, 2023
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