Chatbots, also known as virtual assistants, are becoming increasingly popular in the financial services industry. These AI-powered systems can provide customers with quick and accurate answers to their questions, 24/7, improving the overall customer experience and reducing the workload on human customer service representatives. Here are the top 5 use cases for chatbots in financial…
Tag: AI
What Marketing Trends Are Coming This Year?
“Gartner predicts that by 2025, 70% of enterprise CMOs will identify ethical AI in marketing among their top concerns. The Gartner study comes as ChatGPT has recently forced the issue of AI marketing to the forefront. AI has no built-in ethical framework, so, as marketers use ChatGPT to create campaigns, the onus is on them…
We’re One Step Closer to the Era of Open Banking. Here’s Everything You Need to Know.
“At October’s Money 20/20 conference, Chopra unveiled a process for exercising the CFPB’s authority under Section 1033 of the Dodd-Frank Consumer Financial Protection Act that could lay the foundation for open banking. While specifics have yet to be defined, the rule would obligate financial institutions to share data with consumers upon their request. At the…
Shutterstock Has Launched Its Generative AI Image Tool
“Shutterstock, one of the internet’s biggest sources of stock photos and illustrations, is now offering its customers the option to generate their own AI images. In October, the company announced a partnership with OpenAI, the creator of the wildly popular and controversial DALL-E AI tool. Now, the results of that deal are in beta testing…
The economy is down, but AI is hot. Where do we go from here?
“In the past, economic downturns have shut off the funding taps for AI research. These periods are called “AI winters.” But this time we’re seeing something totally different. AI research is still extremely hot, and it’s making big leaps in progress even as tech companies have started tightening their belts.” https://www.technologyreview.com/2023/01/24/1067232/the-economy-is-down-but-ai-is-hot-where-do-we-go-from-here/