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- Risk Manager + AI: Banks Brace for Deepfake Threats, McKinsey on How COOs are Diving into AI for Operational Wins, AI Putting New Pressure on CIOs
Risk Manager + AI: Banks Brace for Deepfake Threats, McKinsey on How COOs are Diving into AI for Operational Wins, AI Putting New Pressure on CIOs
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AI, ESG, and Geopolitics: Gartner IDs the Supply Chain Trifecta
Banks Brace for Deepfake Threats
McKinsey on How COOs are Diving into AI for Operational Wins
Auquan's AI Agent Sharpens Risk Detection
AI Putting New Pressure on CIOs
AI, ESG, and Geopolitics: The Supply Chain Trifecta
Supply chains are feeling the pressure more than ever, with AI, ESG (Environmental, Social, and Governance), and geopolitics emerging as top disruptors. A new survey from Gartner highlights these critical influencers, urging companies to adapt quickly. Sustainability and risk management are now front and center as organizations strive for long-term viability.
By the Numbers:
- 50% of supply chain leaders are prioritizing AI-driven solutions.
- ESG factors are influencing 70% of decision-making processes.
- Geopolitical tensions are a concern for 80% of surveyed executives.
Why It Matters: As global tensions rise and sustainability becomes a must, supply chains must re-evaluate strategies to stay competitive.
What's Next: Firms are expected to ramp up their AI investments and ESG commitments. Geopolitical analysis will become essential for navigating future disruptions. Companies not adapting to these changes might find themselves lagging behind. Read More
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Banks Brace for Deepfake Threats
Cybercriminals are stepping up their game with deepfakes, creating a fresh wave of challenges for banks. These AI-generated fakes can impersonate anyone, from customers to bank staff, making traditional verification methods vulnerable. As these threats grow, banks need to rethink their risk management strategies to stay ahead.
- Deepfake fraud incidents have increased by 50% in the past year.
- The global cost of cybercrime is projected to hit $10.5 trillion annually by 2025.
- Banks spend an average of $2.7 million annually on cybersecurity measures.
Why It Matters: Deepfakes could undermine trust in digital communications and transactions, posing a substantial risk to financial stability.
What's Next: Financial institutions are exploring AI-based solutions to detect and counter deepfake frauds. Industry collaboration and information sharing will be crucial in developing robust defenses. Read More
McKinsey on How COOs are Diving into AI for Operational Wins
COOs are tapping into the power of generative AI and agentic AI to supercharge their operations. These technologies are transforming traditional processes, such as the creation of statements of work, by reducing the time and effort involved. The focus is on streamlining operations and boosting efficiency, making AI a critical tool in the COO's toolkit.
- 70% of companies are experimenting with gen AI in operational tasks.
- 50% of COOs believe AI will significantly impact their roles in the next 2 years.
- Over $10 billion is invested annually in AI-driven operational tools.
Why It Matters: AI is becoming a cornerstone in operational strategy, enabling COOs to drive innovation and efficiency.
What's Next: Expect more COOs to integrate AI into their processes, learning from early adopters. As AI evolves, its role in operations will likely expand, influencing everything from supply chain management to customer service. Read More
Auquan's AI Agent Sharpens Risk Detection
Auquan is rolling out an AI agent designed to enhance risk monitoring. This tool is set to be a game-changer for fund managers, offering insights into non-financial risks (NFRs) like operational and reputational threats. The AI agent acts as a peripheral vision, scanning for potential blind spots that could impact decision-making.
- 4 key NFRs are targeted by the AI: operational, regulatory, reputational, and strategic.
- 24/7 monitoring capability, ensuring constant vigilance.
- 50% increase in early detection rates reported by beta testers.
Why It Matters: Understanding and managing risks beyond the financial scope is crucial for fund managers aiming for long-term stability.
What's Next: Auquan plans to expand the AI agent's capabilities to cover more complex risk scenarios. The company is also considering partnerships with major financial institutions to further integrate their technology. Read More
AI Putting New Pressure on CIOs
Chief Investment Officers are feeling the heat as AI reshapes risk and performance landscapes. Chartis Research dives into the third leg of its exploration, detailing how technology is shifting paradigms in investment management.
- 67% of CIOs emphasize AI as a top challenge.
- $1 trillion in assets potentially affected by AI-driven changes.
Why It Matters: As AI continues to integrate into the financial sector, understanding its influence is crucial to remain competitive and manage risks effectively.
What's Next: Watch for CIOs to bolster AI knowledge and strategies. As technology evolves, expect more reports and insights to help navigate this complex terrain. Read More
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