At Money20/20, Galileo’s CEO and founder Clay Wilkes and renowned AI author Pedro Domingos took the stage to discuss the real and near-term threats weaponized AI poses to our financial institutions.
The session titled, “Real Stories from the AI Arms Race in Cybersecurity and Fraud” revealed that the financial services industry takes on the highest cost from cyber-crime at an average of $18.3 million per company annually. And, they are at great risk being attacked by something smarter than the human mind – weaponized AI.
Watch the full Money20/20 session below. https://youtu.be/yC3Lhbv-nt4
3 Ways Banks Can Overcome the Tech Modernization Hurdle
Financial institutions must modernize their core banking technology to meet consumer demand for digital and remain competitive. Galileo’s Tania Grambo offers three tips to successfully accomplish this critical tech transformation.
Fintech and Banking Through Human-Centered Strategic Partnerships
How human-centered fintech partnerships drive success through collaboration, innovation, and the personal touch in financial technology.
How Brands and Banks Can Win Big with Embedded Finance Partnerships
Banks and brands both stand to reap major rewards from joining forces to offer embedded finance tools. Here’s how both sides can get the most out of these high-potential partnerships.
3 Steps for Optimizing Financial Fraud Detection Tools
Payments and financial services fraud isn’t going away–and it’s becoming increasingly expensive. Here’s what providers need to consider when developing and analyzing cost-effective fraud detection tools.
Adapt or Become Irrelevant: Incremental Core Modernization vs Full Transformation
Banks need to upgrade their banking cores. Learn more about three of the most important considerations your FI must weigh when plotting your path forward.
