“Four self-reflections for leaders that make a case for why they need to consider adopting AI, ML and advanced analytics. (1) The power and the limitations of tacit knowledge – In comes a pillar of advanced analytics that uses machine learning for predictive modeling. (2) Cognitive challenges in processing multi-dimensional spaces – These algorithms fall…
Month: January 2020
The State of Digital Banking Transformation
“Unfortunately, as we found in the area of innovation, a surprisingly small number of financial institutions (12%) consider themselves to be digital transformation ‘leaders’, with 34% considering themselves to be ‘fast followers’ and 55% stating they were either ‘mainstream players’ or ‘laggards’.” https://thefinancialbrand.com/92221/state-of-digital-banking-transformation-pega-trefler/ Jim Marous Co-Publisher http://linkedin.com/in/jimmarou
Apple’s Latest AI Acquisition Is A Glimpse Into Future Devices
“Apple has reportedly paid $200 million to acquire Seattle-based artificial intelligence company Xnor.ai, which specialises in edge-based AI. Whilst Siri has fallen behind Amazon’s Alexa and, in particular, Google’s Assistant – Apple might have its sights on an entirely different goal with this acquisition: giving users control of extremely personal data. If concerns around data…
RBC files AI patents to predict clients’ needs as big tech encroaches on bankers’ turf
“The Royal Bank of Canada is looking to patent several artificial-intelligence inventions, including one that could predict when consumers are about to make major purchases, public filings show.” https://www.google.com/amp/s/business.financialpost.com/technology/rbc-files-purchase-prediction-patent-as-big-tech-continues-to-encroach-on-bankings-turf/amp
Does Artificial Intelligence Help Fight Financial Fraud?
“Financial services are one of the sectors where AI and machine learning are impacted. When it comes to fraud, cyber-criminals try their best to access customer accounts. AI and machine learning can protect companies and individuals from such attacks. How AI and machine learning technologies fight against the growing fraud threat? Accurate data analysis Early…