“Most consumers (58%) are more likely to recommend a company that can demonstrate its AI algorithms are bias-free, and more likely to purchase products or services from such businesses (56%). Gen Z (69%) and millennial (70%) respondents champion unbiased brands even more so. Only about a third (35%) of senior executives say their companies offer…
Month: April 2020
Index and Credo lead a $2.75M seed in anti-fraud tech, Resistant AI
“Right now, our target customers are financial and fintech startups, as well as other companies deploying the automated process (both software and RPA) in their financial processes,” he added. “The financial systems are our current focus, but the attacks on machine learning are relevant in many other areas: process automation, e-commerce, manipulation of ‘trend detection’…
Automation Anywhere Launches AI-Powered Banking Bot to Expedite SBA Loan Processing From 3 Weeks to 3 Days
“Like many lending institutions, Vista Bank, and its community network of 15 branches across Texas is helping small businesses apply for funding across the state within a mandated filing timeline of only 10 days. With so many businesses rushing to get loans, the bank was looking for a scalable solution that could meet audit requirements…
How AI is changing the customer experience
“By 2022, customer service will remain the leading area of AI use in companies (say 73% of respondents), followed by sales and marketing (59%), a part of the business that just a third of surveyed executives had tapped into as of 2019. ‘I think the next big wave is that notion of a digital profile…
NEXT GENERATION FINANCIAL SERVICES: TECHNOLOGY AND DISRUPTION
“In his latest work about the next generation of financial services, Genovese recognises six prevalent business models that are either already present in the space, or are moving into it: Leading digital commerce platforms, such as Amazon and Alibaba Leading consumer technology companies, such as Apple and Google FinTechs, such as PayPal, Betterment, SoFi, Airwallex…