My old friends at Huntington Bank are continuing to push the innovation envelope. This time it’s with an AI driven tool named “Huntington Heads Up.” “Huntington Heads Up will use Artificial Intelligence capabilities to help customers optimize the ways they save, spend and achieve their financial goals. https://www.huntington.com/heads-up-campaign The introduction of The Hub and Huntington…
Tag: Financial Services
The Growing Impact of AI in Financial Services: Six Examples
“1. AI and Credit Decisions Automobile lending companies in the U.S. have reported success with AI for their needs as well. For example, this report shows that bringing AI on board cut losses by 23% annually. 2. AI and Risk Management A US leasing company, Crest Financial, employed artificial intelligence on the Amazon Web Services…
AI-powered banking experiences
“Banks are equally capable of using their extensive knowledge and data about customers to aggregate it in digital channels, but it needs to be made contextual. Banking has its own success stories, but these tend to come from the disruptors. Take the example of Revolut, which doesn’t believe in branches and invites allows new customers…
What’s Behind JPMorgan Chase’s Big Bet on Artificial Intelligence?
“When America’s biggest bank, JPMorgan Chase, hired Apoorv Saxena in August 2018 as its global head of AI and machine-learning services based in San Mateo, Calif., finance industry watchers saw that as a sign that the bank was making a big bet on artificial intelligence to shape its future strategies. Saxena previously headed product management…
Artificial Intelligence Is Changing Banking and Wall Street. Here’s What to Expect in 2019.
“So, what kind of impact is AI having on banking and Wall Street, and how might the resulting impact on entrepreneurs evolve in 2019? Since 2015, we’ve seen the rise of AI-based products designed for the average consumer, like Betterment or Wealthfront. We’ve also seen the inclusion of AI-embedded into products that consumers are already…