“Clearly banks are saying “yes” to many forms of artificial intelligence, as our survey indicates, and are welcoming the many opportunities that the technology brings to make their compliance operations more effective and efficient. And when AI is coupled with another technology advancement—the increasing adoption of an agile cloud environment—the year ahead for financial institutions…
Month: February 2021
Here’s what you need to know about the new AI race
“AI dominance can take on many forms. We tend to think of AI as a technology, but it is first and foremost an ambition to create systems that display intelligent behavior. We can roughly identify three technological manifestations of this ambition. First, programmed AI that humans design in detail with a particular function in mind,…
Today In Retail: eCommerce Tech Firm Fabric Notches $43 Million; Sephora Elevates BIPOC-Owned Brands Via Incubator
“Fabric, the headless commerce technology provider, has notched $43 million in a Series A funding round headed up by Norwest Venture Partners, with participation from Redpoint Ventures in addition to Sierra Ventures. Fabric has an application programming interface (API)-powered, modular system built to assist direct-to-consumer (D2C) and business-to-business (B2B) brands with growth.” https://www.google.com/amp/s/www.pymnts.com/news/retail/2021/today-in-retail-ecommerce-tech-firm-fabric-notches-43-million/amp/
The Architectural Imperative for AI-Powered eCommerce
“Remember, there is no AI without IA. Make sure that information architecture works and your AI will function appropriately. How can you make sure your AI tools actually deliver the experience they promise? By beginning with the information architecture (IA). Reviewing commonalities from dozens of projects, I’ve observed that these are the key areas to…
Fintech startup Earnix raises $75m, attains ‘unicorn’ status at valuation of $1b
“Earnix cloud-based platform combines AI with advanced analytics that does modeling and simulations, and enables banking and insurance clients to give highly personalized price and product offerings to their customers in real time. Both insurers and banks need to respond to consumers who require rates and products that are tailored to their needs in a…
