FINOS launches AI Readiness as the cornerstone effort of an industry-wide open-source AI initiative for Financial Services.
The aim is to replicate the major impact the FINOS Open Source Readiness Program made in open source adoption in the industry.
- The aim is to replicate the major impact the FINOS Open Source Readiness Program made in open source adoption in the industry.
- Additionally, Microsoft and Provectus, as new FINOS members are also participating in this effort.
- The recent advances in AI - and more specifically generative AI - are poised to have a disruptive impact on the financial services industry and the customers it serves.
- For example, many financial services organizations have mature processes for on-boarding technology which may not be well-suited to the particulars of generative AI technology.