Square’s Head of AI Explains How Machine Learning Is Changing Commerce

“Q: So what’s next for you that you can tell us about?

A: There’s a lot of interesting stuff in the pipeline. I can not disclose it now, but I’ll give you a hint which is—this is a public fact—a recent acquisition of Eloquent Labs, which is a spin-off of Stanford devoted to cutting-edge conversational AI. We do think that that’s an area where we can come up with some really interesting products.”

https://www.google.com/amp/s/observer.com/2019/10/square-marsal-gavalda-machine-learning-ai-commerce-interview/amp/

Jio’s Video Bot Assistant: Features To Look Out For

“Increasing demand for Business Process Automation (BPA) through the use of AI and software robots is considered to be the key growth-driving factor for the market. In 2017, global Robotic Process Automation (RPA) market size was valued at $357.5 Mn and is expected to register at a compounded annual growth rate of 31.1% over 2018-2025, according to a market research report.

https://www.google.com/amp/s/inc42.com/buzz/jio-video-assistant-bot/amp/%3futm_source=piano&utm_medium=email&utm_campaign=evening-newsletter&utm_content=15-Oct-2019&pnespid=le13s6UADBWNpDR0qz2QjYk1lNLX1cLVS2z1fA

REPORT: 22 Payments Execs Get Real About AI

“PYMNTS queried 22 payments executives to get a sense of what’s real, what’s in the here and now, and what lies ahead. We also asked for concrete examples of how their own firms — spanning payments processing, digital IDs and other functions — are leveraging AI right now, such as in core processing and risk scoring.”

Read the full report

https://www.google.com/amp/s/www.pymnts.com/news/artificial-intelligence/2019/report-22-payments-execs-get-real-about-ai/amp/

Non intuitive use case for Banking as a Service: Autonomous Finance

“While companies like Qapital, Chime, and Digit have some form of autonomous banking in the form of autonomous saving, some companies want to take it even further. Envel, a not-yet-launched app running on Cambr, promises to provide what they call “Driverless Banking”, an AI powered banking framework to completely automate their customers’ financial lives.”

https://tearsheet.co/banking-as-a-service/non-intuitive-use-case-for-banking-as-a-service-autonomous-finance/


Envel – https://www.envel.ai


Mashreq Bank partners with Avaya, Koopid for AI-enabled banking

“The new system, which will act as a visual and conversational virtual assistant, will enable Mashreq customers to access banking services and complete service requests almost entirely through an AI-powered ‘agent’, Mashreq said. The ‘chatbot agent’ will be able to verify customers, complete transactions, and sign up for new services on the customer’s behalf – from anywhere and through any device. The service will be immediately responsive, offering instant service and will be available 24×7.”

https://ibsintelligence.com/ibs-journal/ibs-news/mashreq-bank-partners-with-avaya-koopid-for-ai-enabled-banking/


Mashreq

https://www.mashreqbank.com/uae/en/personal/digital-banking/whatsapp?src=homepagebanner