“India’s rural population had smartphone access in 2015, but that figure has reached 25 percent today. Estimates place the nation’s overall number of mobile device users at 829 million by 2022 — approximately 60 percent of the population.” https://www.google.com/amp/s/www.pymnts.com/news/digital-banking/2019/deep-dive-ai-automation-digital-banking-india/amp/
Tag: Financial Services
Building an AI-Powered Financial Institution
“By 2030, front-office and middle-office AI applications have the potential to cut operating costs in the financial services industry by 22% — which represents $1 trillion in total savings” https://thefinancialbrand.com/86455/ai-digital-banking-customer-experience-fraud-risk-trends-artificial-intelligence/
Jack Ma’s US$290 bil loan machine is changing Chinese banking
“Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades. Using real-time payments data and a risk-management system that analyses more than 3,000 variables, Ma’s four-year-old MYbank has lent 2 trillion yuan (US$290 billion) to…
25 stunning advances in artificial intelligence
“Boston Dynamics ProFound AI AI Artwork AI Generated Human Faces TensirFlow AlphaGo GAN Autonomous Driving IBM Watson Siri AI Glass Deep Density Displacement Model Ghost Population Discovery AI Predicts Death AI in Mobile Phones Facebook Chats OpenAI DeepFakes Nautilus Cyc Amazon Deep Blue DARPA Grand Challenge Waymo Eliza” https://thestacker.com/stories/3336/25-stunning-advances-artificial-intelligence Image credit: vox.com
Banks And Fraudsters Locked In Tech Innovation Race
“Banks’ access to a global pool of customer data is one of the main tools they can leverage to protect consumers from fraud. Like many in banking, Fricke views data as ‘the new oil.’” https://www.google.com/amp/s/www.pymnts.com/news/digital-banking/2019/banks-fraud-tech-innovation-race/amp/