In a recent webinar, Cohere executives Nic Morales, Robin Gainer, and Laura Moss discussed the transformative impact of AI on financial services, highlighting use cases such as internal knowledge search, customer interaction automation, and AI-assisted portfolio construction. They addressed challenges like governance, integration, and change management, offering strategies for effective AI adoption focused on private deployments, customization, and strategic enablement. The discussion emphasized that leveraging AI is essential in the competitive financial sector, with a preference for private deployments to ensure data security and compliance. Customizing AI solutions and employing agentic AI for decision-making and workflow automation were identified as key strategies, while a balanced approach to innovation, compliance, and ROI considerations was recommended to maximize AI's potential in automating processes, enhancing customer experiences, and improving fraud detection.