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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. This ensures that none of our sensitive data and intellectual property are availed to an outside provider.”

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What are the main challenges CISOs are facing in the Middle East?

CIO

As the overall banking public in Saudi Arabia and worldwide becomes more cashless, more incidences of online financial crime continue to be reported. The financial services sector also relies on proprietary technology hence any cyber-attacks on such could lead to huge losses and reputational damage.

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Generative AI in Investment Banking

Alpha Sense BI

While they are not newcomers to digital transformation, investment banks (IBs) are increasingly adopting generative artificial intelligence (genAI) across their organizations. In the last couple of decades, investment banks have adopted AI for customer-centric interfaces and to automate data functions. million per employee by 2026.

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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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F&G Annuities & Life Launches Its First Registered Index-Linked Annuity, F&G Confidence Builder

Wink Intel

Buffers offer protection from initial losses up to a certain pre-determined threshold, then you’re responsible for any additional losses. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services.

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North American® and Annexus Launch North American Secure Horizon Fixed Index Annuity (FIA) Suite

Wink Intel

Annexus has forged relationships with many of the industry’s leading insurance carriers and the world’s largest investment banks. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation.

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Corebridge Financial Introduces Dimensional Index Designed Exclusively for The Power Series of Index Annuities

Wink Intel

They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Diversification does not ensure a profit or protect against loss. May Lose Value • No Bank or Credit Union Guarantee.