“In the report, EPAM provides a detailed look at how the global pandemic has affected consumer banking relationships, and highlights key emerging themes, including: 1. Consumers are embracing the “unbundling” of financial services. While consumers aren’t looking to make a wholesale switch away from traditional banks, over a third (36%) would rather use different financial…
Month: October 2021
Universities Will Race Autonomous Cars Around Indianapolis Motor Speedway This Week
“The two-year long competition will reach its ultimate crescendo this week in Speedway, Indiana as nine university teams prepare to race autonomous cars for $1 million at the iconic Brickyard. The final two rounds of the Indy Autonomous Challenge are scheduled to take place at Indianapolis Motor Speedway over the course of this week. Black…
AI bankability: 10 ways artificial intelligence is transforming banking
“Kasisto’s major contribution is its conversational AI platform, KAI, which banks can use to build their own chatbots and virtual assistants. It’s rooted in AI reasoning and natural-language understanding and generation, which means it can handle sophisticated questions about finance management that other bank customer-service digital assistants — Bank of America’s Erica, for example —…
Blockchain, AI, Internet of Things Will Change Banking, RBC CEO Says
“Royal Bank of Canada Chief Executive Officer Dave McKay said he sees blockchain maturation, the spread of artificial intelligence and the so-called internet of things as three big technological developments that will change banking in coming years. Blockchain and digital coins aren’t fully mature yet, but they will continue to evolve, McKay said during a…
Council Post: AI And ML Can Transform Financial Services, But Industry Must Solve Data Problem First
“The successful deployment of ML/AI tools can be a true differentiator for financial services companies. This technology allows our industry to both improve and automate back-office processes and engineer more targeted engagement with our customers. In short, it can lower operating costs, enhance cross sell and increase customer acquisition. However, a successful ML/AI strategy requires…