GenAI shakes FIs & startups | Shameek Kundu | VOX 84

Since ChatGPT 3.0 debuted in early 2023, generative artificial intelligence has been making waves in all 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 fintechs.

Shameek Kundu discusses the implications of these changes with DigFin‘s Jame DiBiasio. Kundu served as Standard Chartered Bank’s group chief data officer before jumping into the world of AI startups, where he helped promote tools to assist in FIs’ understanding of machine learning.

With experience in both the institutional and the startup side, Kundu brings his knowledge of data, AI, and how organizations work to discuss how genAI is impacting finance.

• Timecodes:
• 0:00 – Shameek Kundu
• 02:08 – From working in global banks to joining a startup
• 05:06 – Lessons for TradFi folks interested in startup life
• 07:02 – TruEra and making AI safe for enterprises and machine-learning more reliable
• 10:42 – How sophisticated a bank needs to be in order to be successful at using AI to derive useful insights
• 13:30 – Is AI only for the biggest, best resourced banks?
• 15:53 – Understanding “explainability” in AI before the advent of genAI
• 20:45 – Examples of genAI’s impact on both tech startups and on banks using AI tools
• 28:24 – GenAI’s impact on the business models of B2B fintechs and the speed with which bank execs are embracing it
• 30:08 – TruEra’s sale and what’s next for Shameek