Artificial intelligence
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry – plus Microsoft’s flexibility – has seen US lender leap from experiments to execution
Quantifying credit portfolio sensitivity to asset correlations with interpretable generative neural networks
This study introduces a method for assessing the impact of asset correlations on credit portfolio value-at-risk using variational autoencoders (VAEs), offering a more interpretable approach than previous methods and improving model interpretability.
Prometeia’s LLM/GenAI validation framework
Prometeia’s LLM/GenAI validation framework: a method to validate generative AI models for financial applications
Op risk data: Tech glitch gives customers unlimited funds
Also: Payback for slow Paycheck Protection payouts; SEC hits out at AI washing. Data by ORX News
Industry warns CFTC against rushing to regulate AI for trading
Vote on workplan pulled amid calls to avoid duplicating rules from other regulatory agencies
Top 10 op risks: deepfakes drive rise in fraud fears
External fraud re-enters top 10 as artificial intelligence provides new tools for criminals
Conquering new heights in regulatory reporting: innovations in regulatory compliance
In this dynamic environment, financial institutions that can integrate technology innovations such as artificial intelligence into their strategies are poised to revolutionise compliance processes, streamline operations, and enhance risk management
Top 10 operational risks for 2024
The biggest op risks for the year ahead, as chosen by senior industry practitioners
Financial crime and compliance50 2024
The detailed analysis for the Financial crime and compliance50 considers firms’ technological advances and strategic direction to provide a complete view of how market leaders are driving transformation in this sector
The bank quant who wants to stop GenAI hallucinating
Wells Fargo model risk chief thinks he has found a way to validate large language models
Quants are using language models to map what causes what
GPT-4 does a surprisingly good job of separating causation from correlation
Driving a modern operational resilience program
Strengthen your operational resilience processes, meet pertinent regulatory requirements in this space and enhance business continuity practices with the help of high-performance GRC technology
Iosco gears up for ‘intensive work’ on AI regulation
Watchdogs risk ‘falling behind the curve’, secretary-general warns; FSB also working on guidance
LLM integration: Special report 2024
This report delves into the nuanced deployment of LLMs in the financial sector, exploring their application in day-to-day operations, model governance, and the challenges of implementation
CompatibL AI: at the forefront of change within the financial industry
The ongoing revolution in AI offers tangible benefits in risk management and financial trading. By leveraging CompatibL AI, institutions can overcome the limits of LLMs and gain accuracy, efficiency and better handling of natural language documents,…
The fine line with LLMs: financial institutions’ cautious embrace of AI
The integration of large language models (LLMs) has emerged as a pivotal force reshaping industry practices, while redefining how banks and asset managers operate in an increasingly complex environment. Here, industry experts discuss the multifaceted…
Stress-testing and capital adequacy in banking: tackling technology challenges
This article builds on the discussions held in a Chartis and Appian webinar, which covered how banks have sharpened their focus on stress tests.
Europe’s new AI Act threatens supervisory ‘chaos’ for banks
Policy-maker says new role for European Commission could collide with ECB model risk regulation
How AI can give banks an edge in bond trading
Machine learning expert Terry Benzschawel explains that bots are available to help dealers manage inventory and model markets
AI expert warns of algo-based market manipulation
Regulators must keep pace with new technology that could be used to control financial markets
Dismantling the zeal and the hype: the real GenAI use cases in risk management
Chartis explores the advantages and drawbacks of GenAI applications in risk management – firmly within the well-established and continuously evolving AI landscape
In search of clean data: firms navigate data challenges as LLM adoption flourishes
This WatersTechnology rapid read report explores the transformative potential of LLMs in financial services, offering insights into the evolution, challenges and positive impacts on decision-making processes in capital markets
The top 10 investment risks for 2024
New fears include mounting government debt, the rise of AI, a credit crunch and regulatory overkill
Tackling credit risk in turbulent times
In September and October, Risk.net surveyed 58 chief risk officers from a mixture of banks and insurers across the Asia-Pacific region on the credit risks they face in the current environment and how they manage them.