“According to Strategy&, in 2014 only 2.5 percent of oil, gas and utility companies it surveyed had a chief digital officer. Last year, that figure was 14.4 percent, below the global average of 21 percent. So even if chief digital officer roles are going to hit a peak in large energy and utility companies, there’s…
Month: April 2019
How Wells Fargo Uses AI, Biometrics To Fight Money Laundering
“Chuck Monroe, head of AI enterprise solutions for Wells Fargo. “We’re using AI to go through and look across the internet, including the deep dark web, [for] signals that would apply to a particular AML situation,” Monroe said in a recent interview with PYMNTS. “There are lots of opportunities in the AML space to leverage…
One-third of retail banks planning to build digital brands
“A survey of 405 global bank executives conducted by the Economist Intelligence Unit on behalf of Temenos, highlights how new technologies such as AI, open APIs and cloud are compelling banks to rethink their business strategies in preparation for a new age of digital banking. Late last month, a report from Citi warned of a…
Apple hires top AI expert Ian Goodfellow from Google
“Goodfellow is known for inventing a form of machine learning training algorithms called generative adversarial networks (GANs). GANs are effectively two AI systems that are pitted against each other. Working against each other, they both improve.” https://www.google.com/amp/s/www.zdnet.com/google-amp/article/apple-poaches-top-ai-expert-ian-goodfellow-from-google/
Artificial Intelligence is spurring a whole new kind of conversation in banks
“The world already has 2.5 billion smartphone users. More than 37 percent of the world is using messaging apps today, and approximately 20 million already use smart speakers. For example, if a customer wants their bank statements, all they need to do is send a message to the chatbot. The details will be furnished to…