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fromTearsheet
1 month ago

Small bank, big moves: Why a bottom-up strategy beats rip-and-replace in Gen AI - Tearsheet

Effective Gen AI implementation for small banks involves bottom-up strategies focusing on specific use cases rather than complete overhauls.
fromTearsheet
1 month ago

Small bank, big moves: Six Gen AI use cases that move the needle for small banks (and three that don't) - Tearsheet

Fraud Detection: Bad actors are already using Gen AI to game financial systems for their gain. Criminals were able to defraud Americans out of $21 million between 2021 and 2024 using voice cloning technology the efficacy of which has been significantly improved by modern LLMs. Most big organizations are fighting this fire with fire, and using Gen AI tools to identify new types of fraud tactics as well as improve their fraud detection systems.
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