Optimising OTC Trade Bookings with GenAI: Reducing Risks and Boosting Efficiency
Large financial institutions rely heavily on their market and treasury functions to hedge exposures and facilitate client trades. Over-the-counter (OTC) markets play a crucial role in these activities, where manual trade bookings are often necessary due to the nature of voice trades. Although essential, these manual bookings expose firms to several compliance and regulatory risks. […]
The Rapid Shift in AI Adoption in Banking
It’s surprising how quickly attitudes toward AI are changing. Just 12 months ago, discussions about AI almost invariably centered on “Responsible AI,” focusing on concerns about biases, ethical implications, and calls for increased regulation. Sensational media coverage further fuelled fear and scepticism around AI systems going awry. However, recent developments indicate a substantial change in […]
Streamlining Regulatory Compliance with Generative AI in Banking
In the fast-evolving financial landscape, regulatory compliance remains a paramount concern for banking institutions. With regulations becoming increasingly complex and stringent, banks are under immense pressure to ensure full compliance while managing costs and maintaining operational efficiency. Enter generative AI (Gen AI), a transformative technology that is revolutionizing how banks approach regulatory compliance. This article […]