I found a couple of really interesting articles over the weekend, and I’m concerned that you may have missed them with the holiday. Here are the links for easy access. Who Owns Model Risk in an AI World? https://aiecommerce.com/2019/04/19/who-owns-model-risk-in-an-ai-world/ What is the Difference Between AI and Machine Learning https://aiecommerce.com/2019/04/20/what-is-the-difference-between-ai-and-machine-learning/
Tag: ai Banking
How to accelerate your path to AI
“Gartner believes that the future of analytics is augmented. That is, analytics will be AI-driven and all end-to-end use cases will be automated. The biggest difference between the development of AI and other software platforms is the speed of the transition. While ERP platforms took decades to reach this stage, AI has probably had the fastest…
Who Owns Model Risk in an AI World?
As a proponent of AI, this is the type of article that I do not enjoy sharing, because it will scare some people away. However, as an industry professional, I believe it’s critical to understand the benefits and detriments of a new technology, That said, this article is a “must read” for anyone thinking about…
AI-Driven Predictive Analytics: New Opportunities for Financial Institutions
“Among the fundamental changes PSD2 brings to the table, is that banks are now obligated to open up their IT infrastructure to Third Party Providers. This regulation constitutes payment services companies as direct competitors of banks. Integration with AI According to a 2017 report by PWC, AI-focused FinTech start-ups have attracted investments with an average…
Bank of America bets digital transformation can offset rising expenses elsewhere – ZDNet
Jackpot…this article on Bank of America is a goldmine of data for mobile, voice and digital. Use these numbers in your next business case pitch for capital funding. “The bank said that it ended its first quarter with 27.1 million active mobile banking users, up 9 percent from a year ago, and digital sales were…