“Reuters, in its 2017 said, The Bank of New York Mellon Corp reported a profit of USD 300,000 by shifting its manual process to automated processes. It also reported 100% accuracy in account-closure validations across five systems, 88% improvement in processing time, 66% improvement in trade entry turnaround time 1/4 second robotic reconciliation of a failed…
Tag: AI
Las Vegas turns to artificial intelligence to help control the city’s traffic lights
“This week, Las Vegas officials announced a new plan to deal with the city’s notorious gridlock and congestion. The city is installing cameras and traffic sensors connected to an artificial intelligence system at intersections throughout the city to help direct traffic in a more efficient way. According to officials, the system should deliver efficiency gains…
CFPB Director Highlights Benefits of AI to Expand Credit Access
“The Consumer Financial Protection Bureau wants to spur innovation in the use of artificial intelligence and machine learning in financial services, CFPB Director Kathleen Kraninger said today. ‘uncertainty about how AI fits into these different regulatory frameworks may be hindering adoption of this technology, especially for credit underwriting.’” https://bankingjournal.aba.com/2019/11/cfpb-director-highlights-benefits-of-ai-to-expand-credit-access/ Kathleen Kraninger Director Consumer Financial Protection…
Fintech investment to surge in 2020
“The report, Ecosystm Predicts: The Top 5 Fintech Trends for 2020, identifies five key trends that will shape the Fintech market during the next 12 months. It highlights the areas of digital banking, digital payments and Insuretech as the domains where exponential growth will take place. The top five Fintech trends in 2020 will be: …
AI creates the perfect(ish) Nike commercial after studying nearly 10 years of ads
“It’s nearly 2020 and that means the brave front-line marketers tasked with capturing our hearts, minds, and wallets have a powerful new ally: Artificial intelligence.” “If you can’t beat him, legend that thing!” https://thenextweb.com/artificial-intelligence/2019/11/19/ai-creates-the-perfectish-nike-commercial-after-studying-7-years-of-ads/