Since ChatGPT 3.0 debuted in early 2023, generative AI has made waves across industries, including financial services. But its impact isn’t just being felt in financial institutions like banks. It’s also shaking up the world of fintech.
Shameek Kundu discusses the implications of these changes. Digpin‘s Jame DiBiasio. Kundu was Group Chief Data Officer at Standard Chartered Bank before jumping into the AI startup space, where he helped promote tools to help financial institutions understand machine learning.
With experience in both institutional and startup sectors, Kundu leverages his knowledge of how data, AI, and organizations work to discuss how genAI will impact finance.
- Time code:
- 0:00 – Shamik Kundu
- 02:08 – From working at a global bank to joining a startup
- 05:06 – Class for TradFi people interested in startup life
- 07:02 – TruEra and Improving AI Safety and Machine Learning Reliability for Enterprises
- 10:42 – How sophisticated do banks need to be to successfully use AI to gain actionable insights?
- 13:30 – Is AI only for the largest and most well-resourced banks?
- 15:53 – Understanding the “explainability” of AI before genAI
- 20:45 – Examples of genAI’s impact on tech startups and banks using AI tools
- 28:24 – GenAI’s impact on B2B fintech companies’ business models and how quickly bank executives are embracing it
- 30:08 – TruEra’s sale and what’s next for Shameek