“‘Commonwealth Bank and H2O.ai are led by our core belief that we can make the world better by serving our communities and customers with AI. This strategic partnership between the leading global AI Cloud movement and Australia’s largest bank will unleash the juggernaut of co-innovation and will further democratize AI with trust and freedom. This…
Tag: ai Banking
The 4 Things You Need to Do to Get (and Keep) Ecommerce Customers
“At the end of summer 2020, Americans had spent 14 billion hours — that’s 1.6 million years —and $73.2 billion on online shopping in 2020. Mobile shopping is no longer a secondary concern for ecommerce businesses: Smartphones now account for more than half of visits to retailer websites and are on track to make up…
Niantic is mapping the world and warns about the future of augmented reality
“Hanke warns about the dangers of less than scrupulous actors taking advantage of the world of AR. ‘Think about a wearable device that’s with you all day long. If it’s on your head, it probably knows where you’re looking most of the time. Maybe it knows about other things too, like your heart rate. You…
Six AI and Big Data Trends in Banking for 2022
“81% of bank and credit union executives believe that unlocking value from AI will be the key differentiator between winning and losing institutions, research by The Economist Intelligence Unit and Temenos found. Appen, a data collector, found that 71% of technologists say that Covid either somewhat or significantly accelerated their AI strategy. And one of…
Survey of Fintech and Banking Executives Reveals Identity Authentication Risk and Customer Dissatisfaction Top List of Concerns
“Identity authentication is most often conducted with one-time passwords (36%) or a combination of OTP and KBA questions (29%). While respondents’ familiarity with facial biometric identity authentication is high (88%), less than one-quarter (22%) currently use this technology. More than two-thirds (70%) of respondents are either “highly likely” or “somewhat likely” to consider facial biometric…