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The Blueprint of an AI-First Financial Institution

Global Finance

Advancements in AI and generative AI have significantly influenced institutions like JP Morgan that leverage these technologies to enhance their digital, data and cloud infrastructure. A value-based approach can leverage the existing power of digital and cloud to evolve quickly with complete transparency and auditability.

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Navigating the Complexities of Tax Compliance for Financial Services

CFO Plans

By effectively leveraging business tax deductions, companies can reduce their taxable income, releasing capital for reinvestment and innovation. For instance, a retail business conducted thorough financial analysis and implemented tax compliance solutions that aligned with its growth objectives.

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Snap Buys UK Tech Startup Ariel AI, Signaling Push Into AR

PYMNTS

Ariel AI had been concentrating on a type of AI called computer vision, which is used to develop augmented reality (AR) functionalities, CNBC reported. The news comes as virtual reality (VR) and AR are beginning to make larger gains in the retail world. Artificial intelligence (AI) technology company Ariel AI has been acquired by Snap.

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Herman Miller On Tapping Automation To Thwart Fraud Threats

PYMNTS

Merchants thus need to move quickly to keep payment details protected as consumers shift their business online, explained Ben Groom , chief digital officer for furniture and home goods retailer Herman Miller. Shifting Payment Behaviors And Fraud .

Retail 79
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Stakes Rising In The US-China AI Race

Global Finance

However, Xavier Ferràs, associate dean of the Executive MBA program at Esade Business and Law School in Barcelona, Spain, points out that China’s market and economic systems are less efficient in leveraging these investments. AI’s positive impact will be concentrated, initially, “in a limited number of sectors.”

Economics 111
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World’s Best Banks 2024: Global Winners

Global Finance

The US Federal Deposit Insurance Corporation’s quick response to the banks’ failures stemmed additional contagion and has left businesses with an object lesson in concentration risk. Its Consumer & Community Banking business added a substantial amount of retail branches and advisers and leads the First Republic integration.

Banking 107
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Data Enabler VoltDB Takes Stock Of Retailers’ Evolving Inventory Needs

PYMNTS

It has advantages for retailers, too. Data Enabler VoltDB helps retailers carry that load, with broad, deep, and most importantly, fast data reporting that enables them to adapt to fluctuating inventory needs on the fly. A recent trend in retail is the increased use of buy online and pickup in store (BOPIS).

Retail 44