Revolutionizing Finance: Harnessing the Potential of Generative AI for Growth and Security Cigniti Technologies2024-06-13T14:18:48+05:30Gartner predicts that generative AI will be a workforce partner for 90% of companies globally by 2025. However, Alexander Bant, Gartner Finance’s chief of research, expressed a contrasting view at the Gartner CFO & Finance Executive Conference in Sydney in February 2024. He noted, “The large majority of CFOs continue [...] FacebookTwitterLinkedInEmail June 12, 2024 Read more...
Harnessing Generative AI for Flood Insurance Risk Evaluation and Mitigation Ashis Kumar Rout2024-04-25T17:43:37+05:30Floods are the most common natural disaster worldwide. A flood is demarcated as an overflow of water that submerges land that is usually dry. Flash flooding befalls when heavy rainfall over a short period hits areas with inadequate drainage. Other causes of flood events comprise high tides, storm surges, [...] FacebookTwitterLinkedInEmail April 25, 2024 Read more...
Confidential Computing: Reinforcing Security at the Point of Processing Praveen Raj2024-04-22T18:57:20+05:30Confidential computing offers a groundbreaking approach to data security confidentiality, vital for industries like healthcare, finance, and government, where sensitive information reigns supreme. Unlike traditional security measures that center on data at rest or in transit, confidential computing shields data during the processing phase itself. The Trust in Trusted Execution [...] FacebookTwitterLinkedInEmail April 22, 2024 Read more...
Top 12 Benefits of Using AI in Oracle Fusion Financials Module Testing Nilay Shah2024-05-20T18:37:43+05:30 Artificial intelligence (AI) is rapidly transforming the business world, and Application testing is no exception. AI-powered testing tools can help businesses to automate tasks, improve accuracy, and reduce costs. One of the most important benefits of using AI for Application testing is that it can help automate repetitive tasks. This [...] FacebookTwitterLinkedInEmail February 12, 2024 Read more...
Top 10 Use Cases for Generative AI Within the Banking and Payment Industry Cigniti Technologies2023-12-18T17:45:45+05:30ChatGPT was synonymous with Generative AI some time back, prompting me to explore its impact on the payments industry in a previous blog. However, it’s crucial to acknowledge that Generative AI is the encompassing circle in the Venn diagram, with ChatGPT being one of the circles nested within it. [...] FacebookTwitterLinkedInEmail December 18, 2023 Read more...
Enhancing Customer Service with Generative AI in Core Banking Systems Vishnu Vardhan Vankayala2023-12-11T17:20:42+05:30Customer services now constitute one of the key distinguishing factors of banks in an ever-changing environment. With increasing customer requirements, banks must adopt and incorporate novel technological methods to provide customized services. A very promising technology in this regard is generative AI. Generative AI in core banking systems will [...] FacebookTwitterLinkedInEmail December 11, 2023 Read more...
Generative AI in Insurance: How It’s Helping in Risk Assessment & Claim Processing Ashis Kumar Rout2023-11-16T17:20:29+05:30 Generative artificial intelligence represents a category of AI that utilizes generative models to produce text, images, or other forms of media. These models grasp the intricacies and structure of their input training data, enabling them to generate new data with similar characteristics. Generative AI in insurance plays a pivotal role [...] FacebookTwitterLinkedInEmail November 16, 2023 Read more...
Building Impenetrable Cybersecurity for Your Mobile Banking App Cigniti Technologies2023-11-02T17:46:45+05:30Mobile banking has become integral to our daily lives, offering unparalleled convenience and accessibility. However, as the usage of mobile banking apps continues to grow, so do the threats from cybercriminals. In a world where personal and financial data is at risk, mobile banking apps must prioritize security. In August [...] FacebookTwitterLinkedInEmail November 2, 2023 Read more...
Top 7 ChatGPT Use Cases in the Insurance Industry Ashis Kumar Rout2023-08-24T18:16:52+05:30 There has been much hype in the media surrounding language models like ChatGPT because they have the potential to revolutionize our interactions with computers and enable the automation of various tasks. ChatGPT is a natural language processing (NLP) platform driven by Artificial Intelligence (AI). It is trained on a [...] FacebookTwitterLinkedInEmail May 8, 2023 Read more...