Our co-founder and co-CEO, Samir Goel, recently spoke with American Banker about how technology, like AI, can be leveraged to close the racial wealth gap. Samir shares that AI systems must be ethically developed, regularly audited for biases, and regulated to prioritize fairness and inclusivity in financial services. Esusu is working to bridge the racial wealth gap by providing financial opportunities to the previously credit-invisible through rent reporting. Read more here: https://lnkd.in/eTsur4tP
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Strategic Founder + President of Southbound Relocation, providing best in class Rental Assistance. NTRP Board Member, DRC Member
Esusu is a company that leverages rental data to justify, add to, or diminish ones credit score. They have also just reached an agreement with the National Rental Housing Council and access to hundreds of thousands renters across the United States. This "opportunity" for the Renter to build one's credit is without argument - Credit is vital, employers can even deny applicants because of bad credit. The other side of this coin - This new partnership "unlocks" 10 BILLION in loans for single family tenants. (The total personal debt in the U.S. is at an all-time high of $17.5 trillion. The average American debt (per U.S. adult) is $66,772, and 77% of American households have at least some type of debt.) MY QUESTION TO YOU - Do you think this is a good or bad for the Renter? US? Carlos Vaz Codie A. Sanchez Staron Faucher, AICP Ed Curtis Chris Roberts Marc Gravely Lynn Greenberg Charles Beaty Jr. Bill Brill Roman Zelichenko, JD David Linton, GMS-T Areli Hernandez Jonathan Johnson Chris Lauterbach Scott Chapman, GMS-T Gary Vaynerchuk Mark Cuban
Our co-founder and co-CEO, Samir Goel, recently spoke with American Banker about how technology, like AI, can be leveraged to close the racial wealth gap. Samir shares that AI systems must be ethically developed, regularly audited for biases, and regulated to prioritize fairness and inclusivity in financial services. Esusu is working to bridge the racial wealth gap by providing financial opportunities to the previously credit-invisible through rent reporting. Read more here: https://lnkd.in/eTsur4tP
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Could AI revolutionize compliance in financial institutions? Join Monica Summerville, Celent's Head of Capital Markets, on Tuesday, March 5, as she dives into the topic of "Artificial Intelligence as Financial Regulation Technology" at OMFIF's virtual roundtable. Discover how AI can enhance compliance processes and explore its potential applications in regulation technology. Register now to secure your spot > https://bit.ly/42YWWJD #AI #Finance #Technology
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How can firms understand the opportunities (and trade-offs) of open-sourced and closed-source LLMs to balance the challenges associated with technology and utilize it effectively? Last Feremenga discusses the pros and cons associated with both proprietary and open-sourced LLMs in his latest blog. Check it out! 🔗 https://lnkd.in/e5QUbh_f #AI #FinTech #FinancialServices #BuiltInLabs
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How AI is impacting business is increasingly climbing the agenda across many Boardrooms of financial institutions. From a determination to capitalise on the #emergingtech to ensuring it can be used safely, it's a topic currently raising more questions than answers. I'll be moderating a panel of The British-Swiss Chamber of Commerce's Financial Innovation Forum where I will be joined by Lord Holmes and Jessica Rusu from the Financial Conduct Authority to discuss the challenges and risks in implementing AI tools, and the potential long-term transformation of the financial sector as a result of AI and the impact that legislative and regulatory developments will have on businesses. Details here: https://lnkd.in/ei-FzryE #financialregulation #compliance #finance
How AI is transforming finance: A dialogue between Switzerland and the UK
web.cvent.com
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Ready to unlock the future of finance? 🚀 Discover how AI is revolutionizing the world of financial advisory firms! From cutting-edge innovations to exciting opportunities, our latest post dives into the transformative impact of AI research. Don't get left behind in the digital surge! Tap into the insights that can set your firm apart ➡️ https://lnkd.in/gCByGY5y #FinTech #AIRevolution #FutureOfFinance 🤖💼📈
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Ready to unlock the future of finance? 🚀 Discover how AI is revolutionizing the world of financial advisory firms! From cutting-edge innovations to exciting opportunities, our latest post dives into the transformative impact of AI research. Don't get left behind in the digital surge! Tap into the insights that can set your firm apart ➡️ https://lnkd.in/gCByGY5y #FinTech #AIRevolution #FutureOfFinance 🤖💼📈
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Bank of England's financial technology expert, Kathleen Blake, highlights the risks of rapid AI adoption in the financial sector due to inherent biases. It's crucial to understand and address these biases for safer AI integration. #TopDAlliance #TopDStaffing #News #NewsByte #BankOfEngland #AIBias #FinancialTechnology #AIAdoption #KathleenBlake #AIinFinance #SafeIntegration
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Partner at Select Investors | Tax-led Wealth Advisory | Repatriation & Succession Planning | Director at CFO Centre: Providing fractional CFOs to SMEs & Strategic finance for growth
According to Ian McKenna of the Financial Technology Research Centre, the future of financial advice could look quite different. They suggest that by the 2040s, artificial intelligence might not just assist but dominate the financial advice industry. McKenna envisions a gradual integration of AI in the financial sector, predicting that by the late 2030s, AI could independently manage more nuanced financial planning tasks. However, he also acknowledges that significant regulatory changes and shifts in public perception would be necessary for AI to become the primary source of financial advice. While AI's capabilities are undoubtedly expanding, I believe there's an irreplaceable value in humans' complexity and nuance. The personal connection, understanding, and trust built between a client and a human advisor are fundamental elements AI is unlikely to fully replicate. It's crucial to consider what we, as clients and consumers, value most in our financial advisors. Do we foresee a world where we trust AI with our economic futures, or will the need for personal advice prevail? I’d love to hear your thoughts! What do you think the future holds for AI in financial advice? Would you trust an AI with your financial decisions? Interested in how we at Select Investors blend technology with a personal touch to provide top-tier financial advice? Click here to learn more about our approach and how we can help you navigate your financial future: https://lnkd.in/gCKxxznf https://lnkd.in/gr8tTuAR
'AI could be main form of advice in next 20 years'
ftadviser.com
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