/devops

News and resources on devops, tools, platforms and APIs for developers and tech leaders in banks and fintechs worldwide.

Discussion
BlackRock rolls out GenAI to staff and clients
Tara Doridy

Tara Doridy

  BlackRock's adoption of generative AI tools, known as GenAI, signals a transformative shift in the financial sector. The world's largest investment manager is set to roll out GenAI in January, initially using it for in-house risk management systems like Aladdin and eFront. The move aligns with the industry trend, with Mastercard and Commerzbank also embracing GenAI. The leaked internal memo emphasizes GenAI's potential to revolutionize work and life, likening it to past technological advancements. For those interested in DevOps and cutting-edge solutions, exploring Intellectsoft's offerings at https://www.intellectsoft.net/ may provide valuable insights into the evolving tech landscape in finance.
Generative AI in Banking: Future Promise or Present Hype?
Ketharaman Swaminathan

Ketharaman Swaminathan

  It can be both things - and that's not a bad thing. I can talk of many benefits of hype / jargon from marketing perspective but the CIO of Ally Financial describes a great one from the execution pov in Financial Brand.  In banks, every new technology needs to be approved by compliance, legal, infosec, etc. That could take 9-12 months. Whereas a technology with hype behind it like Gen AI / ChatGPT can compress that period down to 4 weeks as it did in Ally Financial because “Everybody understood the urgency and the need to stay ahead of competition" ~ via Financial Brand.
AI Act: Industry warns EU against overregulation
Ketharaman Swaminathan

Ketharaman Swaminathan

  Well warned! Hope EU AI regulation does not follow in the footsteps of EU Open Banking regulation, which took ages to happen and resulted in damp squib performance in the end. Open Banking: EU v. USA
Fujitsu trials gen-AI for Japanese banks
Rajan Chadha

Rajan Chadha

  What areas of finance sector, regulators intent to bring in regulations to govern the use of gen-AI tools such as chatGPT or Google's Bard ? and how these regulations and standards will apply to cross border financial services?
Níamh Curran

What is the SEPA Payment Account Access Scheme?

Níamh Curran - Senior Reporter - Finextra