Contextual Solutions Blog
This page is dedicated to our original and curated content about FinTech, digital banking, LegalTech, and innovation.
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.
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.
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