PHOTO: NICOLAS ORTEGA “Global spending on artificial intelligence is rising and shows no sign of slowing down. Organizations are expected to invest $35.8 billion in AI systems this year, up 44% over last year, according to International Data Corp. And AI spending is projected to more than double to $79.2 billion by 2022. Today, about…
Tag: AI
Can AI Turn Banks Into FinTech Firms?
“A full 90 percent of consumers said their top online activity was personal banking, according to the latest edition of PYMNTS’ Digital Banking Tracker — and 60 percent reported regularly using at least one financial services app. The same thing, Priestley noted, can be said of applying AI and machine learning to anti-money laundering (AML) and…
AI & ML Are Key To Hypersonalisation In The Banking Sector
“According to a 2018 study by Analytics India Magazine, 38% of total analytics revenue in India ($1 billion, approximately) comes from banking and finance at a 31% growth over 2017. For the study, which compiled the responses of top banking executives from North America, 66% of the respondents believe the ability to offer more highly…
For South Africa’s first challenger bank, conversational AI isn’t just a nice-to-have
TymeBank has launched Max, an AI-powered digital assistant. Developed by Finn AI, Max enables the challenger bank to scale. https://tearsheet.co/artificial-intelligence/for-south-africas-first-challenger-bank-conversational-ai-isnt-just-a-nice-to-have/
Brazilian bank Bradesco reaches new AI high
“Brazilian bank Bradesco has reached 100 million interactions through its artificial intelligence platform and aims revenue generation through the channel in 2019. Bradesco is the second-largest private bank in Brazil, with over 71 million customers. It has seen a four-fold increase in the number of users of its AI service during the year starting February…