“Although the financial services sector acknowledges that AI will play an integral part in the industry’s future, most companies are only investing in small-scale pilots or niche use cases. 32% of financial service providers use AI for predictive analysis, voice recognition and others. As AI becomes the main differentiator, it’s about time to fully embrace…
Tag: artificial intelligence
Glia acquires Finn AI to provide banking virtual assistants
“New York-based fintech Glia recently acquired Finn AI, an artificial intelligence (AI)-powered chatbot platform for banks and credit unions. Leveraging AI and banking expertise, Finn AI builds conversational banking platforms for financial institutions so their customers can manage their money and improve their financial literacy. Finn AI has partnered with major FIs including ATB Financial,…
IBM’s gobbling up AI companies left and right — and we love it
“Databand.ai is IBM’s fifth acquisition in 2022 as the company continues to bolster its hybrid cloud and AI skills and capabilities. IBM has acquired more than 25 companies since Arvind Krishna became CEO in April 2020. A rapidly growing market opportunity, data observability is quickly emerging as a key solution for helping data teams and…
FIFA will track players’ bodies using AI to make offside calls at 2022 World Cup
“FIFA, the international governing body of association football,* has announced it will use AI-powered cameras to help referees make offside calls at the 2022 World Cup. The semi-automated system consists of a sensor in the ball that relays its position on the field 500 times a second, and 12 tracking cameras mounted underneath the roof…
Salesforce announces new innovations for financial services
“Salesforce has launched expanded financial services – powered by AI – that offer more targeted and trusted automation to help teams unlock insights, deliver excellent customer service, and drive operational efficiencies. 78% of banking customers now establish their first connection with a financial institution via a website or app. Unfortunately, the experience of being a…