“Digital banking technologies — including artificial intelligence, analytics, personal financial management software, internet of things, voice banking, banking as a service and fintech innovation — are converging toward one end goal: invisible banking Internet of things Voice banking Financial wellness Banking as a service, APIs and fintech partnerships” https://www.americanbanker.com/news/the-rise-of-the-invisible-bank Benoit Legrand Chief Innovation Officer http://linkedin.com/in/benoitlegrand
Month: January 2020
Please DON’T place your items in the bagging area: All Australian supermarkets will be ‘checkout-free’ by 2030, Coles executive claims
“Coles head of commercial and express Greg Davis said artificial intelligence, sensors and data would be used to detect what customers pick up and put in their bags. This will significantly improve our forecasting and therefore improve our availability so we can have exactly the right range in the right stores,’ Mr Davis said.” https://www.google.com/amp/s/www.dailymail.co.uk/news/article-7879565/amp/Coles-executive-claims-Australian-supermarkets-checkout-free-stores-10-years.html
Brazil is emerging as a world-class AI innovation hub
“In Oxford Insights’ AI Readiness Index 2019, Brazil was ranked 40 out of 192 countries, a sign that the South American powerhouse is moving up in the AI world. Accenture forecast that by 2035 AI will boost annual growth rates across South America by about one full percentage point of GDP One area that’s particularly…
Former Google Pay execs raise $13.2M to build neo-banking platform for millennials in India
“Sujith Narayanan, a veteran payments executive who co-founded Google Pay in India (formerly known as Google Tez), said on Monday that his startup, epiFi, has raised $13.2 million in its Seed financial round led by Sequoia India and Ribbit Capital. The round valued epiFi at about $50 million. More than 100 million users together made…
Researchers: Are we on the cusp of an ‘AI winter’?
“AI pioneer Yoshua Bengio, sometimes called one of the “godfathers of AI”, told the BBC that AI’s abilities were somewhat overhyped in the 10s by certain companies with an interest in doing so. ‘If we want to scale to more complex behaviour, we need to do better with less data, and we need to generalise…