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Headline Issue Diary Date
£16m (R363 520 000) fine for Metro Bank as FCA uncovers years of AML monitoring failures 347 CompliNEWS 11 Nov 2024
FSCA update on the licence of Banxso (Pty) Ltd 347 CompliNEWS 11 Nov 2024
FSCA signals possible revival of auto-enrolment for retirement savings in South Africa 347 CompliNEWS 11 Nov 2024
Auto & General's Knysna fire ad cleared by Advertising Regulatory Board 347 CompliNEWS 11 Nov 2024
Basel III regulations shape the future of non-bank financial institutions and fintech in South Africa 347 CompliNEWS 11 Nov 2024
Former SAA director Yakhe Kwinana fails to settle R6.7m Saica fine 19 months on 347 CompliNEWS 11 Nov 2024
BHI Trust Ponzi scheme victims left in limbo amidst case closures and legal uncertainties 347 CompliNEWS 11 Nov 2024
Regulator warns about trading company's unrealistic returns 347 CompliNEWS 11 Nov 2024
Court rules buyer must pay debt after falling victim to cyber scam; full judgment in Gripper & Company v Ganedhi Trading Enterprise 347 CompliNEWS 11 Nov 2024
New FSCA fee determination for 2024: Overview for financial sector professionals 347 CompliNEWS 11 Nov 2024
Working Smart

By Lee Rossini

Although generative AI has been around for a while, it suddenly seems to have taken off. Generative AI refers to a category of artificial intelligence that can create new content – text, images, music, code, and more – based on patterns learned from existing data. Rather than simply analysing or classifying information, generative AI models are designed to generate outputs that closely mimic human creativity and reasoning. These models have revolutionised fields from content creation, software development and client service, amongst others.

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