“AI is now assisting in the creation of investment strategies. Some firms are using AI for robo-advising creating digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision. Additionally, AI is helping create more complete profiles of clients for investment managers so they can better serve each client. The biggest…
Tag: AI
Can AI detangle the spaghetti of banking systems?
“Describing interactions with senior managers who do not have the educational background in core system machine learning methodologies, he said: “Their expectation is that the answers provided are 100% correct all of the time. Challenger banks’ architecture, she argued, is akin to lasagna, with neat layers that can be dipped in and out of and…
Miva, Inc. Partners with Kount, Inc. to Protect Online Sellers from Fraud
“Miva, Inc., eCommerce software and service provider for mid-size and enterprise merchants for 21 years, and Kount, Inc., the leader in digital fraud protection, today announced that they have partnered to integrate Kount’s comprehensive, AI-driven fraud prevention solution into the Miva eCommerce platform. Features include: 1. Immediate notification of fraud likelihood per transaction 2. Automatic…
Bank of America’s AI approach: ‘Productive paranoia’
“While a number of companies are talking about the responsible use of artificial intelligence, most are vague about what it means and how to do it. In a fireside chat at American Banker’s BankAI conference in Chicago this week, Sumeet Chabria, global business services executive at Bank of America, discussed how his bank approaches responsible…
Dubai’s BulkWhiz raises multi-million Series A for its AI-driven bulk grocery ecommerce platform
“Founded in late 2016 (launched in 2017) by Amira Rashad who previously worked for Facebook and Yahoo (from their offices in Dubai) and Yusuf Saber who was the Data Science Lead at Careem, BulkWhiz enables consumers and small businesses buy groceries and household products in bulk through its mobile apps or web-based platform.” https://www.google.com/amp/s/www.menabytes.com/bulkwhiz-series-a/amp/