“Ant Financial operates the payment service Alipay, the online first bank Mybank.cn, credit scoring Sesame, and B2C marketplace Zhao Can Bao. By pooling and matching the massive amounts of orthogonal data from its different financial and trading services, Ant Financial creates new AI-powered services that create enormous efficiencies and ultra-targeted customisation. While fintech refers to…
Month: February 2021
Scaling AI: The 4 challenges you’ll face
“Organizations of all sizes are embracing AI as a transformative technology to power their digital transformation journeys. Still the challenges around operationalizing AI at scale can still seem insurmountable, with a large number of projects failing. They have most likely set up some form of a Center of Excellence (CoE) for AI, with key hires…
Salesforce: Combining AI and automation can give us superpowers and make us more productive
“At Dreamforce 2020, Salesforce unveiled Einstein Automate, an automation platform designed to help customers automate workflows and connect applications using the low-code or no-code tools. Robotic process automation is a key part of enterprise digital transformation strategies and I had a chance to speak with John Kucera, SVP of Product Management for Automation at Salesforce,…
Three areas of tech innovation banks should consider in 2021
“3: Quantum Computing Quantum computing is a rapidly advancing and fundamental leap in computing that can solve exponential problems (like those found in finance) in ways that a traditional computer cannot… This power can also be applied to financial institutions. Banks can leverage this technology today and into the future to improve portfolio management through…
Trovata.io raises $20 million to aggregate enterprise bank accounts with AI
“Turner launched 35-employee Trovata in 2019 in anticipation of the transformation, with a platform to aggregate companies’ bank balances and transactions natively on wholesale banking APIs. Using AI and machine learning, Trovata can automate cash-centric workflows such as cash reporting, analysis, and forecasting, allowing companies to see how much cash they have in real time…