“At First National Bank of Omaha, which has been privately owned and independent for more than 160 years, we are making a choice to be an early adopter and embrace AI, particularly for consumer lending. We recently partnered with a Silicon Valley fintech called Upstart to decrease loss rates and increase approval rates by using…
Tag: ai Banking
What will be the impact of Voice on FinTech
Photograph by onurdongel “Eight in 10 consumers in PwC’s 2019 Global Consumer Insights Survey said they conducted at least one financial activity through a digital channel in the past year. According to PwC estimates, roughly two-thirds of the inquiries handled by call centers concern basic customer assistance issues, For instance, PwC thinks voice could reduce…
Senso and RBC taking Canadian FinTech by storm
“Fintech AI Platform Senso.ai Raises $1.5M CAD in Seed Funding Senso.ai brings next generation artificial intelligence to the financial services industry Senso.ai provides financial institutions with a cloud-based infrastructure to generate predictive insights about consumer portfolios which continuously improve over time. Their technology is being leveraged by financial institutions across the Canadian market, including RBC.”…
Clinc on the move
Clinc raises over $50 million to bring conversational AI to cars, banks, and kiosks “Clinc, a four-year-old AI startup based in Ann Arbor, Michigan, today announced that it’s secured $52 million in series B financing Last year, the firm saw a 300% uptick in revenue and expects to more than triple business this year. “We’ve…
How Community Banks Can Compete In The Digital Age – Financial Brand
The Financial Brand has posted a well written article from Alex Jimenez of Zions Bank. I’ve included his 6 steps to solve the digital dilemma, but checkout the full article for more details. Alex Jimenez – VP & Senior Strategist Zions Bank http://linkedin.com/in/ralexjimenez Community Bank and Credit Union Response “Community banks and credit unions can…