“The global neo and challenger bank market is projected to reach a valuation of approximately $578 billion by 2027, at a compounded annual growth rate (CAGR) of about 46.5% from 2019 to 2027. As mentioned in the report, the global neo and challenger bank market was worth only around $18.6 billion back in 2018 Neobanks…
Month: March 2020
Banking in 2030
“By 2030, however, Mr Blomfield foresees a shift back towards reaggregation in the sector. “Instead of having to maintain 15 or 20 different apps or logins, you’ll have a single aggregating financial app that then pulls in all of these different products and services under third-party brands,” he says. ‘To survive, banks will need to…
India Seizes Control Of Yes Bank, Plans Bailout
“In today’s top payments news, the Indian government has taken control of Yes Bank as it creates a bailout plan for the bank The RBI has capped the withdrawal limit at Rs 50,000 ($676) for 30 days, sending people into a panic and emptying Yes Bank’s ATMs of cash. Yes Bank was founded in 2004…
C3.ai Lands IBM Partnership and More Customers for its Artificial Intelligence and IoT Platform
“What most impressed me at C3.ai’s event was the number and depth of customer presentations Shell executive Daniel Jeavons, general manager of data science, updated attendees on a now-two-year-old C3.ai deployment 3M executive Jennifer Austin, manufacturing & supply chain analytics implementation leader, detailed progress on data-science-driven inventory optimization, pricing analytics and supply chain risk-management applications…
A hybrid AI model lets it reason about the world’s physics like a child
“As children, we learn to observe the world around us, infer why things happened and make predictions about what will happen next. These predictions help us make better decisions, navigate our environments, and stay safe. Replicating that kind of causal understanding in machines will similarly equip them to interact with the world in a more…