“The quest for artificial intelligence (AI) began over 70 years ago, with the idea that computers would one day be able to think like us. Ambitious predictions attracted generous funding, but after a few decades there was little to show for it. But, in the last 25 years, new approaches to AI, coupled with advances…
Tag: bmcgee
Emirates NBD launches WhatsApp banking
“Emirates NBD has launched the WhatsApp Business Solution to offer customised mobile banking services to its customers, claiming to be a first in the region. The implementation, carried out in partnership with Infobip, allows customers to interact with the bank through the chat for functions such as checking account balances, the last five transactions of…
Amazon’s empire rests on its low-key approach to AI
“Yes, its Alexa competes with Siri and the company offers predictive services in its cloud. But the algorithms most critical to the company’s success are those it uses to constantly streamline its own operations. The feedback loop looks the same as in its consumer-facing ai: build a service, attract customers, gather data, and let computers…
Compliance.ai and LogicManager Partner to Offer Banks and Credit Unions a Modern and Seamless Compliance Management Solution
“The number of individual regulatory changes banks must track on a global scale has more than tripled since 2011, while banks and other financial institutions have spent nearly $321 billion on compliance enforcement actions (from 2007 until 2016).1 As regulatory compliance becomes increasingly burdensome and costly to manage, every financial organization is feeling immense pressure…
Google launches an end-to-end AI platform
“As expected, Google used the second day of its annual Cloud Next conference to shine a spotlight on its AI tools. The highlight of today’s announcements is the beta launch of the company’s AI Platform. One of these new features is AutoML Tables, which takes existing tabular data that may sit in Google’s BigQuery database…