“Emirates NBD has launched the WhatsApp Business Solution to offer customised mobile banking services to its customers, claiming to be a first in the region. The implementation, carried out in partnership with Infobip, allows customers to interact with the bank through the chat for functions such as checking account balances, the last five transactions of…
Month: April 2019
Amazon’s empire rests on its low-key approach to AI
“Yes, its Alexa competes with Siri and the company offers predictive services in its cloud. But the algorithms most critical to the company’s success are those it uses to constantly streamline its own operations. The feedback loop looks the same as in its consumer-facing ai: build a service, attract customers, gather data, and let computers…
Compliance.ai and LogicManager Partner to Offer Banks and Credit Unions a Modern and Seamless Compliance Management Solution
“The number of individual regulatory changes banks must track on a global scale has more than tripled since 2011, while banks and other financial institutions have spent nearly $321 billion on compliance enforcement actions (from 2007 until 2016).1 As regulatory compliance becomes increasingly burdensome and costly to manage, every financial organization is feeling immense pressure…
Google launches an end-to-end AI platform
“As expected, Google used the second day of its annual Cloud Next conference to shine a spotlight on its AI tools. The highlight of today’s announcements is the beta launch of the company’s AI Platform. One of these new features is AutoML Tables, which takes existing tabular data that may sit in Google’s BigQuery database…
Global business value of AI in banking forecast to reach $300bn by 2030
“In 2018, the business value of AI was estimated to be $41.1bn, which includes the cost savings and efficiencies of introducing AI technology compared to keeping existing infrastructures and processes. North America is tipped to be the biggest market for AI in banking between 2018 and 2023. The business value of AI in this region…