“The June 4 advance notice of proposed rulemaking noted that for banks to remain competitive, they “should adjust their business models and practices to a new financial marketplace and changing customer demands.” Acting Comptroller Brian Brooks and the OCC understand that technology is reshaping the landscape by changing not only the means of finance, but…
Month: June 2020
Conversational financial coaching can transform banks into better trusted advisors
“If a customer wants to set money aside for an important project, this solution can first look at the financial situation, possibly determine an amount that can be saved monthly based on the spending pattern (balance forecast), detect some saving opportunities by analysis recurring expenses (contract management) and propose some partners’ offers to reduce the…
Elon Musk is fast becoming the Steve Jobs of today
“Open AI, an Artificial Intelligence company dedicated to ensuring AI does not lead to human extinction. Elon with regards to Open AI, shares the idea that AI, if not controlled can broaden its ability to re-design and improve itself which can be inimical for man. Because of this, the company partners with other organisations and…
JD.com racks up $38B in sales in annual online shopping fest
“JD.com’s annual “618” online shopping extravaganza racked up a total of 269.2 billion yuan ($38 billion) worth of transactions, as consumers splurged during China’s first major e-commerce sale since the pandemic began. This year’s tally was 33% higher than last year’s 201.5 billion yuan in sales. It reflects an increasing shift to online shopping as…
“AI Healthcare” Stocks Will Mint The World’s First Trillionaire
“According to tech entrepreneur and Dallas Mavericks owner Mark Cuban, the world’s first trillionaire won’t be a hedge fund manager, oil baron, or social media tycoon. It will be someone who masters AI. According to CB Insights, $4 billion was invested in private healthcare AI startups last year. And that included 367 deals. That was…