“Quoting NASSCOM data, many reports said about 18 per cent of 1,300 Indian start-ups launched in 2019 are leveraging deep-tech. This is a big leap from 8 per cent in 2014, recording 40 per cent compound annual growth rate in the past five years. While India has 27 unicorns, none of them are from the…
Month: December 2019
M&T Bank’s CIO Wants To Help Make Buffalo, New York A Magnet For Tech Talent
“M&T’s recruitment drive reflects the fact that its industry is being radically reshaped by the rise of mobile banking, AI-powered automation and other tech-driven changes.” https://www.google.com/amp/s/www.forbes.com/sites/martingiles/2019/12/30/mt-bank-cio-tech-jobs-hiring/amp/
Noted banking analyst Mike Mayo says 2020 will begin the ‘golden decade of banks and technology’
“This is the golden decade of banks and technology,” Mayo said Monday in an appearance on CNBC’s “Fast Money.” “Tech is the enabler. It’s going to take banks on this multiyear trend of improving efficiency, better returns with a lower-risk profile that’s still being underappreciated by the Street.” https://www.google.com/amp/s/www.cnbc.com/amp/2019/12/30/well-fargo-analyst-mike-mayo-the-golden-decade-of-banks-is-near.html Image credit: Adam Jeffery | CNBC
AI enabled YES ROBOT has booked 12 bn deposits within an year
“YES Bank has experimented with and experienced the entire gamut of AI solutions. From simple pre-defined FAQ knowledge database creation for our enterprise YES Bot to a far more sophisticated Microsoft LUIS NLP and cognitive services enabled YES ROBOT for our customers, we are now doing POC for more complex use cases. Certain repeat transactions…
What would make you trust a robot?
“AAA’s annual automated vehicle survey from March 2019 found that 71 percent of people are “afraid” to ride in fully self-driving vehicles Scientists are trying to get people to trust A.I robots more. How? By having them explain themselves. “In the past, robotics wasn’t closely tied to psychology. This is changing,” says Dr. Hongjing Lu,…