“Today, the explosion of development in artificial intelligence (AI) and machine learning (ML) technology has created a market for which it appears there’s no limit. Financial AI Solutions – AI and ML technology adoption in the world of finance has been so swift and complete that it spawned the whole new business category of fintech….
Tag: ai Banking
M&T Bank’s CIO Wants To Help Make Buffalo, New York A Magnet For Tech Talent
“M&T’s recruitment drive reflects the fact that its industry is being radically reshaped by the rise of mobile banking, AI-powered automation and other tech-driven changes.” https://www.google.com/amp/s/www.forbes.com/sites/martingiles/2019/12/30/mt-bank-cio-tech-jobs-hiring/amp/
Noted banking analyst Mike Mayo says 2020 will begin the ‘golden decade of banks and technology’
“This is the golden decade of banks and technology,” Mayo said Monday in an appearance on CNBC’s “Fast Money.” “Tech is the enabler. It’s going to take banks on this multiyear trend of improving efficiency, better returns with a lower-risk profile that’s still being underappreciated by the Street.” https://www.google.com/amp/s/www.cnbc.com/amp/2019/12/30/well-fargo-analyst-mike-mayo-the-golden-decade-of-banks-is-near.html Image credit: Adam Jeffery | CNBC
AI enabled YES ROBOT has booked 12 bn deposits within an year
“YES Bank has experimented with and experienced the entire gamut of AI solutions. From simple pre-defined FAQ knowledge database creation for our enterprise YES Bot to a far more sophisticated Microsoft LUIS NLP and cognitive services enabled YES ROBOT for our customers, we are now doing POC for more complex use cases. Certain repeat transactions…
The Hong Kong Monetary Authority Publishes Report on Artificial Intelligence and Banking
“The Hong Kong Monetary Authority (HKMA) has published a report entitled “Reshaping Banking with Artificial Intelligence.” The Report is part of a series of publications on applying AI technology, including Robo-advisors, to the banking industry. 70 of the world’s largest 100 banks operated in Hong Kong. In general, banking provides 18% (HK$ 270.4 billion) of…