Tag: regulations
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AI uses at banks, private AI and customer built AI apps – skills and regulations are the friction for wider adoption
The most common use case for agentic AI is customer service, according to 75% of banks surveyed by Capgemini. Nearly two-thirds use the technology for fraud detection, while 3 in 5 use it for loan processing and customer onboarding. Also, 84% of apps/uses are built in house: BNY developed its AI agents in-house, which one-third…
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Cloud sovereignty strategy advice
”Prioritize sovereignty where it matters most. Not every workload requires sovereign infrastructure — and overengineering can be costly and inefficient. Focus on areas where sovereignty is critical: AI workloads, sensitive data, and operations in regulated industries. Use edge computing to process data locally and reduce compliance risks. Localized cloud options, including sovereign clouds and regional…
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What is the most profitable thing you have done with ChatGPT? – A lot of it is making sense of confusing regulations and contracts. And plumbing. It gives “the little guy” more power in fields that are a mess of rules and lore, like law.
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A theory of Elons – If you can get away with breaking regulations and laws, you can gain competitive advantage over those who don’t.
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What CIOs should know as DORA regulations kick in – All the great -ility’s. // “The business continuity standards laid out in the EU’s DORA require banks, insurers, securities exchanges, trading venues and other financial services providers to maintain backup systems for swift incident recovery. The EU expects impacted parties to be able to restore…
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US Banks Must Get Ready For Open Banking Now – Banks and regulations: the source of enterprise tech spend! It’ll probably make banking better for individuals too.
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When regulations actually help innovation
“In the drone industry, it seems counterintuitive, but we actually want regulation. And not having regulations is putting a halt to the growth of this industry,” says West. As ever: don’t make blanket assumptions about complex systems, here: all the regulations put in place by the federal government. Link
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