AI Articles and Analysis in Finance

DBS Bank is a Singaporean multinational banking and financial services company. The bank has over 150 branches in Singapore alone and by total assets, DBS is the country’s largest bank.

This interview analysis is sponsored by SambaNova Systems was written, edited, and published in alignment with our Emerj sponsored content guidelines. Learn more about our thought leadership and content creation services on our Emerj Media Services page.

Payment Card Industry (PCI) compliance is a rite of passage for emerging businesses, or at least a compelling marketing narrative for those who take the initiative to achieve certification before partners, future deals and business circumstances demand it.

Starting an early AI project is challenging for large and small enterprises. Perhaps no industry is more aware of these challenges than the highly regulated and especially tradition-oriented financial services sector.

Today, most robotic process automation (RPA) applications in banking consist of deterministic software tools that are not categorically considered artificial intelligence. For most use cases, RPA can be a trustworthy foundation to apply AI and drive even more efficiencies from the workflows they're looking to streamline.  

The finance industry has evolved quite a long way since the days of the SAC scandal and after being diagnosed with an insider trading epidemic in 2014 by academic studies from McGill and New York University – learning countless lessons along the way.

Well before the surge of COVID-19 unearthed a veritable plague of criminal activity taking place over screens and digitized realms, banks were well aware they had a problem with cybercrime. 

Picture a financial services company and images of numbers, analysis, and data-crunching in scrutinizing reports come to mind — and for good reason. In the heavily regulated world of financial services, decision-makers rely on data to feed their decisions and support their conclusions.