“It’s estimated 330 million new accounts will be opened via online banking channels exclusively by 2025, almost double the 184 million opened that way in 2020. Using AI in conjunction with biometric verification or other self-service tools removes friction and improves efficiency, and could save financial institutions almost half a billion dollars. By 2030, banks…
Tag: Brandon McGee
DataRobot launches AI Cloud for industries including banking and health care
“In banking, DataRobot said, the solution could accelerate the impact of AI for use-cases such as fraud detection and prevention, customer marketing and acquisition, client satisfaction and retention, and credit risk management. In manufacturing and retail, it could help with supply chain and inventory forecasting, preventative maintenance, and quality assurance. Meanwhile, in health care, it…
H2O.ai Closes $100 Million in Funding Led by Customer Commonwealth Bank of Australia
“‘Commonwealth Bank and H2O.ai are led by our core belief that we can make the world better by serving our communities and customers with AI. This strategic partnership between the leading global AI Cloud movement and Australia’s largest bank will unleash the juggernaut of co-innovation and will further democratize AI with trust and freedom. This…
The industrial data revolution: What founders got wrong
“One place AI has really shined, though, is in content recommendation. It turns out that computers are frighteningly effective at targeting and disseminating content. And oh boy, did we underestimate the incentives and impacts around that aspect of data and AI. As a professor, I’d award it a passing grade, but not an A. There…
The 4 Things You Need to Do to Get (and Keep) Ecommerce Customers
“At the end of summer 2020, Americans had spent 14 billion hours — that’s 1.6 million years —and $73.2 billion on online shopping in 2020. Mobile shopping is no longer a secondary concern for ecommerce businesses: Smartphones now account for more than half of visits to retailer websites and are on track to make up…