“Using data collected in a global survey during 2019, the report analysed a sample of 151 fintechs and incumbents across 33 countries to paint a rich picture of how artificial technology is being developed and deployed within the financial services sector. 30% of the fintechs surveyed indicated a substantial increase in profit as a result…
Month: February 2020
What is the future of banking technology for 2020?
“Younger generations perceive the customer journey differently and rely much less on bank branches compared to older generations as they are most engaged with unique, personalised experiences. That’s why we are expecting to see more of video banking in the upcoming years. Video conferences and remote assistance will be able to help both the younger…
What’s in the black box? Rise of artificial intelligence in banking presents challenge for OSFI
“A federal regulator is signalling it could tighten up rules around the use of artificial intelligence by banks, a practice the watchdog suggests could pose risks to lenders as decisions made by the “black box” technology grow trickier to explain. ‘The behaviour of a black box system is observed only from its inputs and outputs,’…
An AI regulation strategy that could really work
“A regulatory market is a new solution to the problem of the limited capacity of traditional regulatory agencies, invented for the nation-state manufacturing age, to keep up with the global digital age. The answer is for governments to shift their oversight to regulating the regulators. A private regulator would require a license to compete, and could only…
Visual Search Hits The Runway At Fashion Week
“Calling it ‘see now, buy now’ Tommy Hilfiger introduced its visual commerce app via desktop and mobile at tommy.com in September 2019, giving users the opportunity to shop its collection in a ‘fully merchandised digital environment.’” https://www.google.com/amp/s/www.pymnts.com/news/retail/2020/visual-search-hits-the-runway-at-fashion-week/amp/