AI Reshapes Banking: Promises and Pitfalls as Industry Grapples With Transformation

In the marketing arena, where creativity and innovation are paramount, a new contender is emerging: generative artificial intelligence (GenAI). Capable of producing content such as Pixar-style animations, this technology is now targeting the business sector with a focus on advertising. According to a recent report...

Ex-McKinsey partner Puneet Dikshit, 40, has pled guilty to securities fraud, CNBC writes.  Dikshit reportedly made bets ahead of the Goldman Sachs acquisition of FinTech GreenSky for $2.2 billion.  Dikshit had been accused of insider trading last month, with the charge being that he used...

Dining out without actually going anywhere has spawned the “ghost kitchen” phenomenon, which sparks the question of whether the coronavirus will produce something similar – “ghost vacations.” The travel industry, which has been hit hard by uncertainty, has embarked on deep discounting that might be...

McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported on Monday (Oct. 21). “We believe we’re in the late economic cycle and banks need to make bold moves now because they are...