Day 1 of the Digital Banking Conference hosted by the ABA is complete, and the biggest draw of the day was…Pepper the robot from SoftBank Related story: Rise of the robots: Bank deploys ‘Pepper’ to assist customers “Beginning Thursday, Pepper will greet customers at HSBC Bank’s Brickell branch in Miami, and later, possibly other locations…
Tag: Financial Services
Here’s How Much Companies Are Spending on Artificial Intelligence
>”50% the respondents said they oversee an annual A.I. budget of at least $51,000. 13% said they control A.I. budgets of $251,000 to $500,000, an amount that reflects a modest commitment and likely small staff. 5% said they’re spending over $5 million.” http://fortune.com/2019/06/18/business-leaders-artificial-intelligence/
Digital Banking – Austin TX
This week Austin, TX will be the site of the Digital Banking conference hosted by the American Bankers Association (ABA) Be sure to check the AI focused sessions with speakers including: Chuck Monroe – Head of AI Enterprise Solutions, Wells Fargo Vijay Nadadur – Co-Founder & CEO, Stride.AI Frederick Townes – Co-Founder and CTO, NestReady…
4 Trends That Will Rewire the Inner Workings of the Fintech Industry
“These four impending trends won’t just rewire the inner workings of the fintech industry, they’ll create space for further innovation on the part of agile startup entrepreneurs. 1. Quantum computing – Even JP Morgan and Barclays have been dabbling with IBM’s quantum computing tools, according to Wired, looking to the future for practical applications….
Your credit score will soon be partially determined by AI monitoring your social media accounts
“Financial tech companies such as ZestFinance, Lenddo, SAS, Equifax, and Kreditech feed “alternative data” into their algorithms to generate credit scores, then sell their AI-powered systems to banks and other companies that use it for creditworthiness assessment.” https://www.google.com/amp/s/reclaimthenet.org/credit-score-social-media/amp/