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Podcast Link: Credit Shift
In this podcast as discussion on the latest developments in finance, AI integration, and regulatory implications. The discussion covers the challenges of delayed cash conversion cycles, the pivotal role of large language models (LLMs) in financial institutions, and the need for banks to justify the fairness of their offers. It also explores partnerships between fintech giants like Affirm and booking.com and the potential need for these companies to develop their own LLMs.
Key Points and Ideas
Working Capital Challenges: The article highlights the financial challenges posed by delayed cash conversion cycles, with over $83 billion tied up in the balance sheets of leading firms.
AI in Finance: Large language models (LLMs), like the one developed by Ant Financial and Ernst and Young (EY), are gaining prominence in finance, indicating a growing reliance on AI for services such as Wealth Management and Insurance...
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