“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.”
“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.“
“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.”
“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.”
“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.”