Contextual Solutions Blog
This page is dedicated to our original and curated content about FinTech, digital banking, LegalTech, and innovation.
The EU AI Act Explained: What Banks and Startups Need to Know
Learn how the EU AI Act will impact banks and startups, how they should prepare and whether this will be a setback or an opportunity.
The Future for European AI Companies
European AI faces challenges in funding, talent acquisition, and regulation. Can it overcome these hurdles to become a major player?
Learnings From the World Economic Forum’s Annual Report (2023-2024)
WEF Annual Report 2023-24: Explore global cooperation, sustainability, and tech advancements. Discover key takeaways from the World Economic Forum's report.
Top AI Books to Read to Master Artificial Intelligence (AI): Recommendations for AI Beginners to Advanced Experts
Check our curated list of AI books for beginners and advanced experts, with recommendations from various sources. Master artificial intelligence today!
Why *Must* Banks and Financial Service Providers Invest in Artificial Intelligence?
Discover why AI investment is essential for banks and financial services. Enhance efficiency, improve customer experience, and stay competitive with AI tools.
Open-Source vs. Closed Source-AI: An In-Depth Comparison and Implications from the EU AI Act
Recently, the debate between open source and closed source artificial intelligence approaches has intensified. This clash underscores the high stakes and divergent philosophies at play, as both paradigms vie for dominance. Learn more via our blog, which delves into expert opinions and stakeholder insights, comparing the two approaches as well as exploring the implications of the EU AI Act on the future of AI development and open or closed source models.
Embracing Generative AI in the Payments Industry
A new report by Visa Consulting and Analytics (VCA) explores the impact of generative AI on the payments industry, outlining payment- specific opportunities to help financial institutions acquire more customers, drive customer engagement, and improve the customer experience for optimal growth. Read our summary to learn more.
Responsible AI in Financial Markets: CFTC Report Summary
A new report dated May 2nd, prepared by the Commodity Futures Trading Commission (CFTC) explores the question of responsible artificial intelligence in the context of finance in more depth. It examines definitions and frameworks for responsible AI use, current regulatory environments, and the potential applications and implications of AI within CFTC-regulated entities. How can regulators ensure responsible AI in the financial sector? Read our summary to find out about the five-step responsible AI plan.
Artificial Intelligence and the Future of Work - IMF Report Summary
Explore key insights from the IMF's Gen-AI report dated January 2024 on how artificial intelligence is reshaping global labor markets. Uncover the potential of AI to boost productivity, the dual nature of job displacement, and income inequality across advanced, emerging markets, and developing economies. Learn about the necessary preparedness and policy considerations to harness AI's benefits effectively and mitigate its challenges.
Differentiating Bank Revenue Streams: Exploring the Rise of Lifestyle Banking
Lifestyle banking is becoming increasingly popular with the rise of open banking and AI. As consumers increasingly seek convenience, personalization, and seamless integration into their daily lives, lifestyle banking promises to reshape the future of banking as we know it. What is lifestyle banking? How can banks implement lifestyle service strategies? Read now to learn more!
Introducing Bitesized Expertise: A Journey Into Insights With the Contextual Solutions Network
Bitesized Expertise, our series of livestreamed LinkedIn interviews with experts from across industries kicked off on February 5th, featuring Florian Graillot of astorya.vc. Before we dive deeper into the session and share Florian’s insights on fundraising, insurtech trends and fintech entrepreneurship, please allow us to share why we decided to launch these series.
A Glimpse Into the Future of Banking With Quantum Computing
As artificial intelligence (AI) continues to reform industries and processes as the number one tech infrastructure, quantum computing follows as the close second, thanks to its predictive powers.
The EU’s AI Act: A Leap Into the Future or a Step Back for Innovation?
With its latest draft unfurled on January 21, 2024, the EU's Artificial Intelligence Act steps into the spotlight as the globe's inaugural attempt at crafting a comprehensive regulatory framework for AI. But as this legislative titan begins to take form, a growing chorus of skeptics casts a shadow over its aspirations, cautioning that its efforts to govern could inadvertently throttle the very innovation it aims to nurture.
The Tectonic Shift in European Fintech: A 2024 Outlook
Investment in European Fintech has seen its share drop by almost 10 percentage points, as observed by the 2023 ‘State of European Tech’ report. What awaits the tech scene in 2024? Let’s find out.
How OpenAI Showed Silicon Valley’s Ugly-Side
The fallout of Sam Altman’s ouster from OpenAI invited speculation and commentary from across the whole tech community. Key to our fascination was the simple truth that nobody really knew exactly what went down.
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