“KPMG India has announced the aqui-hire of Mumbai-based AI-led decision-science services company Recommender Labs. With this, KPMG is poised to build its own Centre of Excellence (CoE) specialising in decision-science and AI-driven solutions. It will build unique assets, enable quick go-to-market, and build the ability to respond with AI-led offerings, by combining its capabilities with…
Tag: Financial Services
AI is fuelling the new economics of banking, says UBank CEO
“For the past three years UBank has been experimenting with IBM and the Watson team With around 220 staff in its North Sydney office, UBank can scale those solutions to serve its 500,000 customers. The first project the bank launched back in 2017 was RoboChat, a virtual agent trained to answer questions around home loan…
BankThink Small and mid-sized banks can’t shy away from AI
“At First National Bank of Omaha, which has been privately owned and independent for more than 160 years, we are making a choice to be an early adopter and embrace AI, particularly for consumer lending. We recently partnered with a Silicon Valley fintech called Upstart to decrease loss rates and increase approval rates by using…
Senso and RBC taking Canadian FinTech by storm
“Fintech AI Platform Senso.ai Raises $1.5M CAD in Seed Funding Senso.ai brings next generation artificial intelligence to the financial services industry Senso.ai provides financial institutions with a cloud-based infrastructure to generate predictive insights about consumer portfolios which continuously improve over time. Their technology is being leveraged by financial institutions across the Canadian market, including RBC.”…
How Community Banks Can Compete In The Digital Age – Financial Brand
The Financial Brand has posted a well written article from Alex Jimenez of Zions Bank. I’ve included his 6 steps to solve the digital dilemma, but checkout the full article for more details. Alex Jimenez – VP & Senior Strategist Zions Bank http://linkedin.com/in/ralexjimenez Community Bank and Credit Union Response “Community banks and credit unions can…