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CIOs weigh where to place AI bets — and how to de-risk them

CIO

Given existing relationships with Webster Bank, that includes AWS and Microsoft. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. Unlike startups, however, established companies cannot risk the losses that might come from betting all on AI.

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5 Sure-Fire Tips How AI Is Going to Improve Fintech in 2021

Smart Data Collective

Fraudulent activity has always been a major issue for financial institutions such as banks and insurance companies. Despite extensive internal training and fraud detection manuals, they foresee a significant annual loss due to fraud cases. Client Risk Profile Categorization. Detection and prevention of fraud.

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AI Technology is Invaluable for Cybersecurity

Smart Data Collective

The threat of cyber-attacks is expanding across all industries, affecting government agencies, banks, hospitals, and enterprises. A successful breach can result in loss of money, a tarnished brand, risk of legal action, and exposure to private information.

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Web3 Startup Hiring Survived the Pandemic. Is This the End?

Zoominfo

However, just a few months later, optimism has given way to stunning losses in the crypto market. Companies such as Crypto.com have secured talent from high-profile organizations, including BNP Paribas and Deloitte, as well as global payments giant Visa.

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Brighthouse Financial Announces First Quarter 2024 Results

Wink Intel

First Quarter 2024 Results The company reported a net loss available to shareholders of $519 million in the first quarter of 2024, or $8.22 per diluted share, compared with a net loss available to shareholders of $525 million in the first quarter of 2023. billion, or $39.88 billion, or $126.35 per common share.

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AM Best Revises Outlooks to Negative for GCU

Wink Intel

The Credit Ratings (ratings) reflect GCU’s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. Available capital has been affected by unrealized capital losses due to the long duration of fixed-income investments.

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UBS launches US equity-focused Climate Aware Equity Index to help investors meet environmental and financial goals

Wink Intel

Current and forward-looking data is used to assess a company’s carbon footprint and gauge its forward-looking carbon emissions profile. About the UBS Investment Bank. The Investment Bank is an active participant in capital markets flow activities, including sales, trading and market-making across a range of securities.

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