“AI and ML are transforming the way financial institutions interact with their account holders. From predictive analytics to tailored financial advice, these technologies enable banks and credit unions to offer personalized banking services that were unimaginable a decade ago. The power of AI and ML lies in their ability to learn from data. In banking, this means…
Tag: Financial Services
Sopra Steria & SBS: 75% of Banks not Ready for Open Banking
Associated Bank Adds Chun Schiros as Chief Analytics Officer to Help Lead Data and AI Innovation
“Associated Banc-Corp (NYSE: ASB) (“Associated”) today announced the expansion of its product and marketing leadership team with the addition of Chun Schiros as senior vice president, chief analytics officer. Schiros will focus on enhancing the bank’s ability to access and use data effectively and efficiently to attract, deepen and retain customer relationships across all lines of business,…
China’s Alipay tests AI assistance within its shopping app
“China-based Ant Group’s Alipay mobile app has launched a pilot of an AI-powered user interface, the Alipay Smart Assistant, that aims to direct Alipay users to more than 30 different types of services available within the app, according to a press release. The assistant, built on Ant Group’s Bailing large language AI model that aims to promote…