“The startup is among a handful of companies that have sprung up to help businesses deal with the data preparation needed to train A.I. systems, a process that often requires tens of thousands of examples to be annotated with labels. Others that also offer data labeling services include Samasource, Labelbox, Hive, Cloudfactory, and DataLoop.” https://www.google.com/amp/s/fortune.com/2021/04/13/scale-ai-valuation-new-funding-fundraising-data-labeling-company-startups-vc/amp/
Tag: AI
Why everyone in the Financial Services Industry should be a change agent
“Emerging markets in Asia, in particular, have recently seen a spike of 60% increase in contactless payments, with an eightfold growth in paperless B2B payment flows. McKinsey says this physical-to-digital shift is set to accelerate even more this year. And FSI organizations need to ride the wave, or risk being left behind. Fundamentally, I see…
Preparing Your Credit Union for Unforeseen Events
“Back in February, areas around the country were severely impacted by inclement weather. In Texas alone, 3.5 million people went without power for several hours in freezing temperatures. With frequent power and internet outages and most people still working from home, credit unions across the U.S. struggled to operate and meet their members’ needs. AI…
8 Ways Digital Banking Will Evolve Over the Next 5 Years
“The banking and fintech industries compressed roughly a decade of ecommerce innovation into a 10-month span. Advancements that were estimated to be years out may now emerge as the “new normal” within months. The future of banking will not only look different in regard to more rapid digital adoption, but also in terms of service…
Avant broadens its digital banking capabilities with challenger acquisition
“Avant is following the lead of other alternative lenders that have tied up with banks to increase profitability or expand into new credit products. LendingClub’s recent acquisition significantly reduced its cost of funds. By buying Radius Bank, the alt lender reduced its borrowing costs by 90% from the previous year. SoFi’s forthcoming transaction allows it…