“Cybercrime is set to cost the global economy $2.9 million every minute in 2020 and some 80% of these attacks are password-related. For larger businesses, it is estimated that nearly 50% of IT help desk costs are allocated to password resets, with average annual spend for companies now at over $1 million for staffing alone….
Month: February 2020
Seeing Is Believing: The Benefits of Interactive Video for Banks
“While 60,000 layoffs in 2019 may help banks deliver more sustainable profit margins, financial firms can’t afford to compromise customer service. As noted by Jeremy Watkin of 8×8 in a recent Forbes piece, “At this point, great customer service is table stakes. As a result, banks are beginning to deploy two-way video solutions that allow…
Norman Schuerhoff: «Swiss Banks Have Good Reasons to be Cautious»
“Banks need to better internalize the idea that their value chain is built on data. Machine Learning can then become the enabler of an ecosystem that serves client needs with secure and enriching interaction, says Professor Norman Schuerhoff in an exclusive interview with finews.com.” https://www.finews.com/news/english-news/40062-norman-schuerhoff-ffdfdfd Norman Schuerhoff Professor of Finance http://linkedin.com/in/norman-schürhoff-9589ba3
Breakingviews – Bank of England’s AI approach will toughen up
“The Bank of England last year picked artificial-intelligence pioneer Alan Turing as the face of its new 50-pound note. Computer programmes with humanlike problem-solving skills are already a fixture of the UK financial system. Two-thirds of the companies that the BoE surveyed make use of such systems, Boston Consulting Group, for example, reckons AI software…
Join the innovators in enterprise AI at Transform 2020
“Each year, we gather corporate decision-makers from around the world to discuss “big picture” trends within artificial intelligence, as well as practical ways to move the needle on implementing AI. In 2020, we’re looking at the effects of AI through the lens of four key industries: retail, health, finance, and industrial/manufacturing. The trends powering enterprise…