Published on November 25, 2024 at 05:46. / Modified on November 25, 2024 at 11:05.
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Generative artificial intelligence is already used in banks for productivity gains.
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It allows you to summarize legal documents or search for information more efficiently in the mass of internal documentation
Artificial intelligence has been used for decades in finance, for example for fraud detection or stock selection. We are talking here about “traditional” AI. But the arrival of ChatGPT at the end of 2022 brought to the forefront a new development in this technology: generative AI. Usable in a conversational mode, it allows you to carry out basic tasks – writing, summarizing or translating a text – and is already used in banks to increase productivity. But always linked to writing.
This technology is used to process the “corporate actions” of the bonds in which Dynagest, the asset management department of ONE Swiss Bank, invests, that is to say the events that can influence the price of these securities, such as the modification of characteristics of the bond or an exchange for new instruments.
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