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In yesterday’s special address at FinovateFall, Andreas F., Director of Finance Solutions at Qubika, spoke about the significant evolution that AI is driving in financial services. Andreas took his engaged audience through first-generation rules-based systems to more adaptable, second-generation machine learning algorithms and introduced the dawn of a third generation, where generative AI-augmented transaction data is integrated with machine learning models. The key advice Andreas shared was the importance of understanding the role of data scientists in first building, and then maintaining, AI models. The mathematical framework of these models may or may not at first yield accurate results, and it's the responsibility of data scientists to rigorously test, validate, and continuously refine them to ensure optimal performance in real-world scenarios. Learn more about how our Finance Studio is helping financial institutions to build such AI systems, including a solution that autonomously detects 90% of newly created fraudulent accounts https://lnkd.in/d4DqUY_H #Fintech #Finance #Finovate #AI Finovate