http://linkedin.com/in/mike-telang-705b263 “‘I think almost all large banks are being asked now by regulators to go back and identify any ML/AI solution that’s brought into the bank because the implication of that is, if the wrong algorithm is being used, you are going to decline credit or you’re going to have impact to the customers.’ ‘A…
Tag: Financial Services
Five sure steps to achieve AI success—and sidestep the pitfalls
“Why do AI and machine learning (ML) projects fail, and what should you do to steer clear of the pitfalls? Ill-prepared platforms ‘We need another five to seven years’ Actionable AI advice: Five pointers Don’t go with the hype Get the data right Domain knowledge married to technology is essential Get the right partner or…
How will the banking industry use AI to improve CX?
“According to Gartner, by 2020 consumers will manage 85 percent of their total business interactions with banks through fintech chatbots. Additionally, according to Accenture, AI will allow bank employees to spend more time on exceptional work: 20 percent of non-routine tasks that drive 80 percent of value creation.” https://techhq.com/2019/08/how-will-the-banking-industry-use-ai-to-improve-cx/ Dr. David Duan – linkedin.com/in/davidwenduan Freedom…
How banking is using artificial intelligence to pick up financial distress
“’AI can support horizon scanning to identify early warning signals for commercial and corporate customers using a combination of transaction and news data, and predictive algorithms,’ says Chris Brown, senior consultant at Deloitte.” https://www.google.com/amp/s/www.scotsman.com/business/how-banking-is-using-artificial-intelligence-to-pick-up-financial-distress-1-4993844/amp Castlight Financial – https://castlightfinancial.com
The Politics of Artificial Intelligence in Financial Markets
“As in political communication, technology is the message, rather than merely “a tool”: when it comes to money, trust is not just instrumental, it is fundamental. With cashless payments being the norm and social media platforms weαving an additional layer of involvement in our social data web – Amazon, Google, Facebook, Apple – Artificial Intelligence…