Citi and Morgan Stanley among leaders of open-source initiative to tackle ‘common challenges' in AI [Fortune]
Morgan Stanley (MS)
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Source: Fortune
Some of the largest banks, fintechs, and even tech firms are coming together to form a group to get everyone on the same page. The AI Readiness for Financial Services Industry Special Interest Group, or SIG, is launching through the Fintech Open Source Foundation, or FINOS , a hub for open innovation in finance. On the agenda? Deploying generative AI. FINOS members have signed on to advance this initiative, led by Citi, Scott Logic, Morgan Stanley, and ControlPlane. Databricks as an executive sponsor. Other FINOS members—including the London Stock Exchange Group, Publicis Sapient, and EPAM—are participating alongside new FINOS members such as Microsoft and Provectus. Morgan Stanley chairs FINOS' Open Source Readiness Special Interest Group, which will provide the blueprint for the AI Readiness SIG, Trevor Brosnan, global head of technology strategy, architecture, and modernization at Morgan Stanley, told me. “We're going to look at common challenges we all face—whether it's de
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