“To tap the potential of AI, banking providers must start leveraging data and new analytics tools. Two institutions show you how they are advancing their AI journey, and where the road to success starts. Citizens Financial Group In many ways Citizens Financial Group, a $160-billion regional bank, seems quite far down the AI road. The…
Tag: Financial Services
CAGR of 55.6% from 2018 to 2025
Artificial Intelligence Market by Technology, and Industry Vertical – Global Opportunity Analysis and Industry Forecast, 2018-2025, the global Artificial Intelligence market size is expected to reach $169,411.8 million in 2025, from $4,065 million in 2016 growing at a CAGR of 55.6% from 2018 to 2025. ARTIFICIAL INTELLIGENCE PREDICTIONS FOR THE YEAR 2019 Look to IBM,…
How Banking Jobs and Job Requirements Are Being Affected By Artificial Intelligence
“An Arkansas bank, known a the First National Bank of Wynne, recently reported a 70% reduction in the amount it costs them to convert leads into customers after they adopted a strategy that relied on artificial intelligent chatbots to deal with customers interested in their services. Ceba, an AI-driven chat bot developed by the Commonwealth…
Microsoft Partners With Fintech Startup ZestFinance To Bring Transparency To AI-Powered Financial Models
“Microsoft said Wednesday that it is entering a strategic partnership with financial technology startup ZestFinance to make it easier for its financial services customers to adopt AI and machine learning tools. The answer we get with deep learning might be accurate, but in the case of credit applications, that isn’t enough.” What Zest does is…
AI for Credit Scoring – An Overview of Startups and Innovation
Below is a short 2-minute video demonstrating how LenddoEFL’s software works: “Several companies offer AI-based credit scoring applications to banks and enterprise creditors looking to better understand the risk associated with their potential borrowers. Traditional methods of credit scoring take into consideration the credit histories of potential borrows, but this might not allow certain people…