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Read up on theCUBE’s analysis from the AWS Financial Services Symposium Check out theCUBE’s exclusive coverage of the AWS Financial Services Symposium with in-depth analysis on the latest in generative AI developments and data-driven innovations within the enterprise banking community.
AWS’ AI blueprint emphasizes optionality, trust and scalable industry solutions This week we spent a day in New York City reviewing Amazon Web Services Inc.’s artificial intelligence strategy and progress with several AWS execs, including Matt Wood, vice president of AI at the company. We came away with a better understanding of AWS’ AI approach beyond what was laid out at re:Invent 2023.We also met separately with a senior technology leader at a large financial institution to gauge customer alignment with AWS’ narrative. Although stories from both camps left us with a positive impression, the survey data shows OpenAI and Microsoft Corp
Data as the new currency: Analyst hot takes from theCUBE at AWS Financial Services Symposium The world of financial services is undergoing a seismic shift, driven by the relentless advance of generative artificial intelligence and the pivotal role of data as its lifeblood. From Wall Street to Silicon Valley, the integration of data as a product in AI is no longer a distant dream but a tangible reality reshaping the industry.At the AWS Financial Services Symposium in New York City, experts and innovators gathered today to showcase how the practical application of AI is transforming financial services, with data taking center stage as the most valuable product of this technological revolution
AWS transforms financial services with cutting-edge generative AI and cloud solutions The recent AWS Financial Services Symposium was a chance to dive deep into the evolution of generative AI in financial services. In that industry, there’s been a multi-year transformation to the cloud.But there’s a big mistake that companies can make when thinking about modernizing their technology choices, according to Scott Mullins (pictured), general manager of financial services at Amazon Web Services Inc. It involves thinking of the cloud as a place, or a destination.Scott Mullins of AWS talks to theCUBE during the AWS Financial Services Symposium.“It’s binary: We’re either in the cloud or we’re not in the cloud

What to expect during the AWS Financial Services Symposium: Join theCUBE 6-11

May 29, 2024

How is the financial services industry embracing artificial intelligence, and how will this AI transformation impact Amazon Web Services Inc. as it seeks to increase its presence in this sector?These two questions will be a central focus of coverage for theCUBE, SiliconANGLE Media’s livestreaming studio, at the AWS Financial Services Symposium in New York City. Our industry analysts will provide exclusive coverage on June 11, revealing key findings and analysis

AWS and HCLTech collaborate on integrated solutions for financial institutions

June 12, 2024

The rapid evolution of technology, especially in cloud computing and generative artificial intelligence in financial services, has fundamentally reshaped the landscape for the industry.Industry giants are increasingly adopting a collaborative approach to leverage these advancements, aiming for more integrated and efficient solutions. This synergy among technology providers and financial institutions drives innovation while navigating stringent regulatory landscapes, according to Baskaran Subramaniam (pictured, left), senior vice president of financial services, Americas, at HCL Technologies Ltd

Informatica aims to reinvent data management pipeline for AI

June 11, 2024

As companies invest in artificial intelligence and machine learning, Informatica Inc. is sounding the call for modernized data management.The saying, “garbage in, garbage out,” has become an apt expression for AI, which is more likely to produce inaccurate results when being fed poor data.Informatica’s Peter Ku talks about the lack of data management expertise in the tech industry.“Everyone’s ready for AI, but your data’s not,” said Peter Ku (pictured), vice president and chief industry strategist of banking, capital markets and financial services at Informatica

AI in financial communications: The Future of regulatory compliance and efficiency

June 13, 2024

In today’s technology-driven world, companies are making significant strides in transforming the industry using AI in financial communications. By changing how financial information is analyzed, communicated and utilized, AI is setting the stage for more efficient and intelligent financial operations, highlighting its pivotal role in the sector’s ongoing evolution, according to Patrick Palomo (pictured), vice president of solutions engineering at Smarsh Inc.Smarsh’s Patrick Palomo talks to theCUBE about AI in financial communications

Three insights you might have missed from theCUBE’s coverage of the AWS Financial Services Symposium

June 17, 2024

Cloud spending in the financial services industry has been on a growth curve, and Amazon Web Services Inc. has gained momentum in this sector. For financial services companies, broader cloud adoption has led to a heightened focus on data and new ways to organize and manage vast amounts of information to create intelligent solutions using AI.How the financial world is leveraging data to transform operations and increase customer value was a central focus of theCUBE’s coverage of the AWS Financial Services Symposium. TheCUBE, SiliconANGLE Media’s livestreaming studio, provided insights through interviews with company executives, customers and partners. (* Disclosure below

Supercharging financial services with real-time analytics and gen AI

June 11, 2024

The very fabric of enterprise data utilization is terraforming, as companies move from historic to real-time, operational data. With their split-second sensitivity, these binary bits serve as the heartbeat of innovation.MongoDB’s Shiv Pullepu discusses real-time data for financial services.Given the resources needed for such data and artificial intelligence operations, how are data wranglers such as MongoDB Inc

Guardian Life’s digital leap: AI Factory and the power of cloud integration

June 11, 2024

The financial services industry is undergoing a significant transformation driven by the integration of cloud computing and generative artificial intelligence. These technologies are reshaping traditional sectors such as insurance by enhancing operational efficiency, enabling rapid innovation, and fostering a data-driven culture.Initially rooted in traditional insurance practices, Guardian Life Insurance Co. has made significant strides in embracing digital transformation

Overcoming adoption hurdles: The future of generative artificial intelligence in finance

June 11, 2024

The AWS Financial Services Symposium has made it clear that the world of financial services is undergoing a massive shift, driven by generative artificial intelligence. The future of AI in finance has led some to feel overwhelmed, while others are nothing but excited about the road ahead.Generative artificial intelligence has the ability to transform financial services in a way that hasn’t been seen for decades, according to Junta Nakai (pictured), vice president and global head of financial services, sustainability and cybersecurity go to market at Databricks Inc. That’s important, given studies that have shown that Millennials would rather go to the dentist than to the bank

The dawn of AI factories: Nvidia’s full-stack platform tackles AI demands in financial services

June 11, 2024

Generative artificial intelligence is set to revolutionize the financial services industry, marking a confluence of technology and business operations. While the sector has utilized AI for decades, factors such as the rise of AI factories, accelerated compute platforms and purpose-built infrastructures signal a technical expansion by orders of magnitude.Discussing gen AI for financial services with Nvidia’s Malcolm deMayo.“There is a tsunami-sized wave of innovation, disruptive innovation,” said Malcolm deMayo (pictured), global vice president of the financial services industry at Nvidia Corp

Advancing data governance in financial services: Insights from Immuta’s Chris Brown

June 12, 2024

In the financial sector, where compliance and regulation are of the utmost importance, innovative approaches to data governance in financial services are essential.This evolution is driven by the need to scale securely and efficiently, leveraging advanced technologies such as generative AI and deep learning models to maintain strong security protocols while enhancing accessibility and operational efficiency, Chris Brown (pictured), public sector chief technology officer of Immuta Inc., explained.Immuta’s Chris Brown talks to theCUBE about data governance in financial services.“What’s unique that we’ve done at Immuta is that we’ve actually integrated into those data platforms

Virtusa Helio: Pioneering AI-driven transformation for intelligent enterprises

June 13, 2024

As artificial intelligence advances to become the new operating system for enterprises, Virtusa Helio emerges as a pivotal player in this transformation.Addressing the growing demand for end-to-end automation and efficiency, Virtusa Helio aims to pave the way for AI at scale, facilitating the creation of intelligent enterprises where real-time analytics and decision-making are seamlessly integrated, according to Frank Palermo (pictured), executive vice president and head of technology at Virtusa Corp.Virtusa’s Frank Palermo talks with theCUBE about the importance of Virtusa Helio in the AI field

On theCUBE Pod, Snowflake versus Databricks: The battle for data governance supremacy

June 3, 2024

It’s clear that Snowflake Inc. is at a crossroads. Examining why was the focus of the latest edition of the Breaking Analysis series, and was a big subject of conversation for theCUBE Research industry analysts John Furrier and Dave Vellante on the latest episode of the CUBE podcast.“You saw this firsthand when Databricks announced the Unity Catalog last June, same week as Snowflake Summit,” said Vellante (pixetured, right).Snowflake ensures all data resides within its platform, which allows the company to guarantee governance, simplicity and highly efficient performance on their compute engine, Vellante added. “The data has to be inside of Snowflake. Databricks never owned the data

Genesys sets up banks for a future of cloud-based AI assistance

June 12, 2024

Banks have no room for error when it comes to customer data. Genesys Cloud Services Inc. is facilitating the adoption of AI assistants and cloud technologies, ensuring user security remains uncompromised.The increase in banking apps has led to a more seamless customer experience, and AI is the next step in that journey, according to David Porter (pictured), managing director of financial services at Genesys.David Porter of Genesys talks about maintaining the human element in banking.“Most of the large banks in the world are in the middle of that transition from on-prem technologies and into cloud,” Porter said. “We are probably one third of the way through that journey

Cloud-based energy data analytics enhances efficiency in oil and gas with Energy Studio: Impact

June 12, 2024

Energy data analytics is rapidly revolutionizing various sectors by offering real-time insights and enhanced decision-making capabilities. A standout example in the oil and gas industry is Energy Studio: Impact, a cutting-edge platform that is transforming decision-making processes.By leveraging swift geospatial processing and advanced data visualization, Energy Studio: Impact embeds significant data to provide a comprehensive, data-enabled experience

Unleashing finance superpowers: Nvidia and Deloitte’s C-suite AI insights

June 12, 2024

The AWS Financial Services Symposium in New York City brought together industry leaders to discuss what’s new when it comes to AI in finance. One solution studied was Deloitte Touche Tohmatsu Ltd.’s C-Suite AI, powered by Nvidia Corp.The companies started talking about the product back in October 2023, according to Malcolm deMayo (pictured, right), global vice president of the financial services industry at Nvidia. The product is generative AI intended to improve decision-making capabilities of CFOs in the C-suite.Deloitte’s Diego Saenz and Nvidia’s Malcolm deMayo talk to theCUBE during the AWS Financial Services Symposium

Observability at the data core: Examining its interplay with gen AI and cloud-native technologies

June 12, 2024

Observability has become a cornerstone for enterprises as companies harness the full potential of generative artificial intelligence capabilities driven by cloud-native tools. Several emerging trends show that more than a buzzword, gen AI in observability is a critical capability driving the future of IT infrastructure and application resilience.Splunk’s Nimish Doshi and Dan Holmes talk to theCUBE about gen AI in observability

Neo4j enhances fraud protection through knowledge graph databases

June 11, 2024

Artificial intelligence is a double-sided coin for security, proving a boon to both attackers and protectors, but Neo4j Inc. is continuing to to harness AI when protecting financial service organizations from fraud. The company creates knowledge graphs, which store networks of data, specific to an enterprise, allowing them to find fraud that might otherwise go undetected in an organization.Neo4j’s Bryan Evans discusses the company’s collaboration with AWS on a graph database in cloud