“Survey respondents all cited the pandemic as a factor that drove increased adoption of AI in the last year, though the degree varied by sector from industrial manufacturing (72%) to technology (57%), retail (53%), government (44%), financial services (42%), and health care and life sciences (37%). Most organizations are also still wrestling with AI explainability….
Month: March 2021
Snapcommerce raises $85M for AI-powered ecommerce messaging
“According to data from IBM’s U.S. Retail Index, business closures and shelter-in-place orders accelerated the shift to digital shopping by five years, with online shopping projected to grow nearly 20% in 2020. Based on the survey data from BMC and Mercatus, ecommerce grocery orders alone totaled $5.9 billion, up 3.6% from $5.7 billion in August….
Fintern taps AI and Open Banking to enter consumer loans market
“Fintern, a UK-based fintech startup, is aiming to shake up the market for low-value consumers loans with the launch of credit technology that bypasses credit scores in making lending decisions, focusing instead on affordability. Founded by a team from McKinsey, EY, Bank of America Merrill Lynch, HSBC and XiaoMi, Fintern skips traditional credit scoring techniques…
AI is industrializing
“A majority of North American AI Ph.D.s — 65% — now go into industry, up from 44% in 2010, a sign of the growing role that large companies are playing both in AI research and implementation. Even with the pandemic, private AI investment grew by 9.3% in 2020, a bigger increase than in 2019. The…
Fintech Revolution: Transformative Financial Services and Strategies
“To help you critically assess the future of financial services and identify opportunities for growth, this program guides you through the latest fintech innovations, disruptions, regulations, and emerging markets. At the close of this six-week program, you will be able to do the following: – Evaluate fintech’s transformative effects on a variety of businesses, including…