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Reporting Seen Among Use Cases Benefiting from Cloud-based Data Management for AI
Artificial intelligence is being adopted by financial regulators at pace, putting pressure on the financial institutions that the overseers serve to double down on their reporting capabilities. It’s no surprise to find that the same AI that’s helping regulators can aid organisations in getting those reporting procedures in place. To do so, however, they need…
Data’s Role in AI Transition and Value Creation: Data Management Summit London Preview
The rapid adoption of artificial intelligence by financial institutions has required a heavy data management uplift as organisations have upgraded their systems to incorporate the new technology. It has also provided greater opportunity to squeeze even more value from data by enabling its efficient deployment across enterprises. Just how companies manage data for AI to…
Quantexa Raises Further $175m for AI-led Decision Intelligence Offering
Quantexa has raised a further US$175 million, boosting estimated market valuation for the UK-based decision intelligence solutions provider to $2.6 billion. The company said the additional money will be used to “progress against its mission to help enterprises and government agencies across multiple markets stay ahead in the race for AI-driven DI”. The latest series…
Ensuring AI-Focussed Institutions Take out the Garbage: A-Team Group Webinar Preview
As data quality rises up institutions’ AI-implementation agendas, the next A-Team Group Data Management Insight webinar will take a deep-dive look into how they can ensure the information they feed into their models will give them accurate and valuable outputs. Avoiding Chaos The data management maxim of “garbage in, garbage out” can’t be more appropriate for artificial…
Bloomberg Expands Climate Risk Offering with MARS Enhancement
Bloomberg clients can now use the New York-based company’s MARS risk management tool to assess the threats to their portfolios from climate change. MARS Climate, an addition to the data behemoth’s physical and transition risk suite of analytics, offers climate scenario analyses based on the framework devised by the Network for Greening Financial System (NGFS)….
Unleashing the Power of AI for Financial Institutions with Snowflake and Amazon Web Services
Financial institutions are among the largest users of AI, deploying it for a range of use cases that, while already wide, will broaden in the future. A report by the International Monetary Fund has forecast that institutional spending on AI will surge 29% to US$97 billion by 2027. The technology has become crucial to automation…
Zema Global Chief Girds for Soaring Demand for Energy Data
Since its acquisition of Morningstar’s commodity information business late last year, energy industry intelligence provider Zema Global has become an important data feed for financial institutions that invest in the net-zero transition and to those trading in renewables, biofuels and fossil fuels. The transaction was a prescient one. While the Colorado, US-headquartered company has been…
Databricks and Frisco Tools Seek to Simplify Workflows
A deal between Databricks and Frisco Analytics is intended to simplify data workflows and unify siloes across enterprises. The tie-up will make Frisco’s data management tool available to clients on Databricks’ Data Intelligence Platform. Clients will have access to tools to integrate data management and governance, improve data quality and consistency and accelerate analytics and…
Snowflake Bets it can Bring the Promise of AI to Wary Organisations
Snowflake has rooted its offerings more deeply in artificial intelligence, betting that its data cloud platform can deliver the promise of the technology at a time when many organisations are reappraising their approach to AI implementation. Among a flurry of new service announcements made at the end of last year, Snowflake unveiled plans to launch…
Predictions for 2025: Regulatory Climate to Impact Data Management as KYC Initiatives Evolve
By Cenk Ipeker, General Manager, Product Management, Cloud, NICE Actimize. As we enter 2025, financial institutions are likely to witness a shift toward more efficient, customer-friendly, and compliant Know Your Customer (KYC) practices. These changes will occur as institutions navigate an evolving regulatory landscape and technological advancements, with data management becoming a key focus area…