Contextual Solutions Blog
This page is dedicated to our original and curated content about FinTech, digital banking, LegalTech, and innovation.
Embracing Generative AI in the Payments Industry
A new report by Visa Consulting and Analytics (VCA) explores the impact of generative AI on the payments industry, outlining payment- specific opportunities to help financial institutions acquire more customers, drive customer engagement, and improve the customer experience for optimal growth. Read our summary to learn more.
Responsible AI in Financial Markets: CFTC Report Summary
A new report dated May 2nd, prepared by the Commodity Futures Trading Commission (CFTC) explores the question of responsible artificial intelligence in the context of finance in more depth. It examines definitions and frameworks for responsible AI use, current regulatory environments, and the potential applications and implications of AI within CFTC-regulated entities. How can regulators ensure responsible AI in the financial sector? Read our summary to find out about the five-step responsible AI plan.
Artificial Intelligence and the Future of Work - IMF Report Summary
Explore key insights from the IMF's Gen-AI report dated January 2024 on how artificial intelligence is reshaping global labor markets. Uncover the potential of AI to boost productivity, the dual nature of job displacement, and income inequality across advanced, emerging markets, and developing economies. Learn about the necessary preparedness and policy considerations to harness AI's benefits effectively and mitigate its challenges.
The EU's AI Act: A Leap into the Future or a Step Back for Innovation?
With its latest draft unfurled on January 21, 2024, the EU's Artificial Intelligence Act steps into the spotlight as the globe's inaugural attempt at crafting a comprehensive regulatory framework for AI. But as this legislative titan begins to take form, a growing chorus of skeptics casts a shadow over its aspirations, cautioning that its efforts to govern could inadvertently throttle the very innovation it aims to nurture.
How OpenAI Showed Silicon Valley’s Ugly-Side
The fallout of Sam Altman’s ouster from OpenAI invited speculation and commentary from across the whole tech community. Key to our fascination was the simple truth that nobody really knew exactly what went down.
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