“Builtin put together a rundown of how AI is being used in finance and the companies leading the way. Credit Decisions ZestFinance – https://www.zestfinance.com Scienaptic Systems – https://www.scienaptic.com Underwrite.ai – http://www.underwrite.ai DataRobot – https://www.datarobot.com Managing Risk Kensho – https://www.kensho.com Ayasdi – https://www.ayasdi.com Quantitative Trading Kavout – https://www.kavout.com Alpaca – http://www.alpaca.ai Personalized Banking Kasisto – https://kasisto.com Abe…
Tag: Financial Services
Emirates NBD launches WhatsApp banking
“Emirates NBD has launched the WhatsApp Business Solution to offer customised mobile banking services to its customers, claiming to be a first in the region. The implementation, carried out in partnership with Infobip, allows customers to interact with the bank through the chat for functions such as checking account balances, the last five transactions of…
Compliance.ai and LogicManager Partner to Offer Banks and Credit Unions a Modern and Seamless Compliance Management Solution
“The number of individual regulatory changes banks must track on a global scale has more than tripled since 2011, while banks and other financial institutions have spent nearly $321 billion on compliance enforcement actions (from 2007 until 2016).1 As regulatory compliance becomes increasingly burdensome and costly to manage, every financial organization is feeling immense pressure…
Global business value of AI in banking forecast to reach $300bn by 2030
“In 2018, the business value of AI was estimated to be $41.1bn, which includes the cost savings and efficiencies of introducing AI technology compared to keeping existing infrastructures and processes. North America is tipped to be the biggest market for AI in banking between 2018 and 2023. The business value of AI in this region…
What’s the new weapon against money laundering gangsters?
“Money laundering accounts for up to 5% of global GDP – or $2tn (£1.5tn) – every year, says the United Nations Office on Drugs and Crime. So banks and law enforcement agencies are turning to artificial intelligence (AI) to help combat the growing problem. But will it work? ‘Estimates suggest that not even 1% of…