“Here are takeaways of our interview with Paul Daugherty at Accenture: COVID-19 pandemic is different than any other crisis we’ve ever seen. COVID-19 has increased the gap between digital laggards and leaders. A digital foundation is a requirement for adaptability and crisis management. Accenture does not believe in social distancing — it believes physical distancing…
Month: May 2020
Nvidia CEO Jensen Huang: Merlin will power ‘the most important AI model in the world’
“Huang also introduced Merlin, an application framework for recommendation systems that Huang considers “the most important AI model in the world today,” one that “drives the vast majority of the economic engine of the internet.” Recommendation systems can decide which items shoppers see in an ecommerce store or personalize results seen on a site like…
Report: 63% of APAC customers willing to switch to neobanks
“The era of digital banking is well underway in the Asia Pacific (APAC) region, and is set to accelerate in the next five years, with 63% of customers willing to switch to neobanks and challenger banks between now and 2025. The research was made through review of 55 banks, 20 challenger banks and 40 fintech…
Google: The Next Big Fintech Vendor
“Google’s Banking ForaysFour recent stories regarding Google signal that it, too, is following a similar path and is on its way to becoming the next big fintech vendor: Google checking account. Google debit card Google AI tool for Paycheck Protection Program loan processing Google Cloud bank deal With all the talk in the industry that…
Coronavirus scams are proliferating. Smart tech can stop them.
“If less than 1% of money launderers were caught before this crisis, imagine how pervasive financial crime will be after it. The risk of fraud almost always increases during times of large-scale emergency spending. By one government estimate, 16% of the $6.3 billion in relief distributed to victims of Hurricane Katrina and Hurrican Rita was…