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The article explores the value opportunity of adopting a 'human-centered approach' to 'agentic AI' in financial services, using real-world examples from software engineering, KYC, and claims processing. It discusses how leading financial firms are scaling AI to drive business value and how a gap is emerging between leaders and laggards.
The Bank for International Settlements has found that the use of modular, microservices-based architecture could support the design of flexible and scalable settlement systems, which could be beneficial for banking and finance applications.
Fundamental, an AI lab, has emerged from stealth with a $255 million Series A funding round and a new foundation model called Nexus that is designed to analyze structured enterprise data, an area where traditional AI models often struggle. The company believes Nexus can reshape how large enterprises analyze their data by combining predictive AI with contemporary tools.