Fintech Nexus Newsletter (May 13, 2024): TabaPay has pulled out from Synapse acquisition
While the AI hype cycle continues, we are starting to see real fintech products come to market using this new technology.
Today, core banking provider Temenos has announced the release of its Responsible Generative AI solutions for core banking as part of its “AI-infused banking platform.”
Temenos claims this generative AI tool is explainable and that it can be verified by users and regulators. This will be critical as regulators are keeping a very close eye on all things generative AI.
So what can this new software do? It can be applied to internal operations as well as customer-facing ones and can reportedly enable “banks to create products in real time based on customers’ preferences.”
It will connect to existing core systems with minimal integrations and can be deployed as a standalone product.
We are still in the first inning when it comes to generative AI for finance. Beyond chatbots, we have not seen much in the way of live products yet, but that is likely about to change with the launch of tools like this.
Featured
> Temenos ramps up AI offensive
Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform.
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