DigitalRosh CONNECT: 15-Jan-2023 (Y23W03)


“Virtual money and the metaverse may offer new opportunities for financial transactions and interactions, but we must be cautious about the potential risks and negative consequences they may bring. It is important to carefully consider the potential impact on individuals, communities, and society as a whole before fully embracing these technologies”, said Mark Carney, former Governor of the Bank of England. 


In this week’s DigitalRosh CONNECT, we are looking into the challenges faced by the banking sector in this new era, as well as other exciting developments in AI, cyber, and robotics.

Prof. Yesha Sivan, Founder, and CEO
& DigitalRosh team

 (1) DigitalRosh > Corpus > Industries > Fintech
Addressing Banking’s Key Business Challenges in 2023

The BAI Executive Report for December looks at the main challenges that financial services leaders will face in the coming year.

These challenges, according to the report, include gaining new customers, providing a better digital banking experience, and acquiring and retaining talent.
The report also includes articles on topics such as new approaches to new-account acquisition, the importance of digital experience, workforce flexibility, trends financial institution marketers should know, using technology to build relationships, winning with tech partnerships, and trends, scams, and fighting back in relation to fraud protection.

(2) DigitalRosh > Corpus > Technologies > Metaverse 
Banking in the Metaverse: The Next Frontier

The metaverse, or extended reality technology, is predicted to be a $8 trillion opportunity and is expected to have a significant impact on the banking industry.

In a short (8-minute) video, Accenture highlights three main ways in which the metaverse will change banking: enabling existing functionality in a 3D world, engaging with customers in new ways, and inventing new products and creating new markets.
Specifically, banks will have the opportunity to deepen connections with customers and create new products that allow people to spend virtual money in the real world.

(3) DigitalRosh > Corpus > Technologies > AI
How to Get Responsible AI Maturity?

According to a report published by MIT Sloan Management Review and BCG, 84% of respondents believe that responsible AI (RAI) should be a top management priority.

However, only 25% reported that their organization has a fully mature RAI program. 
The report also found that nearly a quarter of respondents have experienced an AI failure in their organization, ranging from technical performance issues to outcomes that put individuals and communities at risk. 

In response to these risks and the potential for AI-specific legislation, many organizations are affirming the need for RAI, but are struggling to operationalize it in practice. There are exceptions, however, as some organizations (called RAI Leaders in the report) are successfully making a philosophical and material commitment to RAI and seeing clear business benefits as a result. 
These leaders take a more strategic approach to RAI, led by corporate values and responsibility to a wide range of stakeholders.

(4) DigitalRosh > Corpus > Technologies > Cyber
Incident Response Reference Guide

The “Incident Response Reference Guide: First Aid for Major Cybersecurity Incidents” guide provides guidance on how to effectively respond to and manage major cybersecurity incidents.

It is organized into two main parts: Preparation and In a crisis. Each main part is further divided into four main aspects: Technology, Operations, Legal, and Communication.

The guide emphasizes the importance of preparation, the need to operationalize incident management processes, the value of coordination, and the importance of staying calm during an incident.
It is intended to help organizations limit the damage caused by major cybersecurity incidents and protect their critical assets and operations. The guide was written by Microsoft, Edelman, and EY, companies that specialize in cybersecurity and data security.

(5) DigitalRosh > Corpus > Technologies > Robotics
Robotic Animals

Robotic animals, also known as animal robots or bio-inspired robots, are designed to mimic the movement, behavior, and appearance of real animals. 

They have a variety of uses, including research, education, therapy, entertainment, military and emergency response, and environmental monitoring. 
Examples of robotic animals include the Hexapod, Squidbot, Titanoboa, and RoboBees. TechZone has produced a video exploring 14 kinds of advanced robotics animals, each similar to a different real animal.

(6) DigitalRosh > Community > Community Events
Meet the Panel Members at the DigitalRosh 2023 Kickoff Event

The DigitalRosh 2023 Kickoff Event in Israel, taking place on 19-JAN-2022 at the Planet cinema in Rishon-Lezion, will feature special demonstrations of Oculus and ChatGPT.

Event participants will be able to try these tools under the guidance of our team of mentors.

The exclusive event is hosted by Jacob Eilon, and will include a keynote speech themed “Metaverse or AI – The Future is Here!” by Prof. Yesha Sivan, as well as a discussion panel with industry leaders, a private screening of “Avatar: The Way of Water”, breakfast, and networking breaks will also be included. 

Late registration with 25% discount with promo code BFF25 

(7) DigitalRosh > Courses > DLC887065 (BTA): Innovationg innovating
Person of the Week: Nir Barkat, Minister of the Economy, The State of Israel

Nir Barkat is the Minister of Economy in the newly-appointed government of Israel, under PM Benjamin Netanyahu. 

Previously, Barkat was a member of the Knesset (the Israeli parliament) for 3 years and a half, and served as Mayor of Jerusalem for two consecutive terms, between 2008-2018. He is also the wealthiest politician in Israel, thanks to his successful career in tech and venture investments.

After graduating in Computer Sciences from the Hebrew University in Jerusalem, Barkat was a co-founder of the BRM group, which was one of the first software companies in the world to specialize in antivirus software. Later, BRM became an incubator that invested in several companies, such as Check Point and Backweb. Barkat was also a co-founder of IVN (Israel Venture Network). 
In the non-profit sphere, Barkat was active in social and educational projects. Together with his wife Beverly, they co-founded the “Snunit” website, promoting computer usage and e-learning among children and the youth. 

Nir Barkat was interviewed by Jacob Eilon, as part of the DigitalRosh Innovating Innovating series of interviews. 

DigitalRosh > Corpus > Career 
Jobs Board
To view these and other job postings, click on the image or visit – DigitalRosh > Corpus > Career > Job Board

To view these and other job postings, click on the image or visit – DigitalRosh > Corpus > Career > Job Board