“Wells Fargo American multinational financial services company and the world’s fourth-largest bank by market capitalization Wells Fargo recently announced the establishment of a new Artificial Intelligence Enterprise Solutions team. Armed with several hundred employees, the company has begun to pilot an AI-driven chatbot through the Facebook Messenger platform. JPMorgan Chase JPMorgan Chase recently announced its COiN platform or the…
Tag: Financial Services
How Will People Bank in the Future?
“Most likely, the smartphone will eventually be replaced by something even more integrated with our daily lives, more intuitive and less tactile. In fact, Gartner believes that by 2020, the majority of our devices will be designed to function with limited or no touch. ‘Look at Ant Financial Intelligent Services accurately predicting consumer needs not…
The World’s Biggest Banks Are Doubling Down On Artificial Intelligence
CTO of Bank HapoalimHAIM PINTO “Bank Hapoalim — Israel Over the summer, Bank Hapoalim participated in a $30+ million funding round for ThetaRay, a cybersecurity solution provider using AI to help financial firms detect fraud and other anomalies in banking practices. After partnering with the Tel Aviv-based startup giving biometric access to bank accounts, customers…
Huntington Launches Huntington Heads Up® with AI to Improve Customers’ Digital Banking Experience
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…
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…