“Neobanks will be able to spot your providers in your direct debits, let you know how much you would save if you switched providers and then offer a single-click switch,” he said. “This is very powerful functionality that has the potential to change the way consumers compare, select and change providers not just across the…
Tag: Financial Services
Deep Dive: How AI And Automation Are Changing Digital Banking In India
“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/
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