“AI is likely to make its way to the operations of financial institutions, which anticipate that AI will reduce their operating expenses significantly. AI will also help financial institutions manage security. They can then identify threats and fraud risks so they can guard their customers against cyberattacks, Financial institutions can become more customer-centric because AI…
Tag: Fintech
Moody’s Analytics Wins Award for Best Use of AI in Banking or FinTech
“Moody’s Analytics has won Best Use of AI in Banking or FinTech at the 2021 Global Achievement Awards for AI. This award recognizes the Credit Sentiment Score™ solution, an AI-powered tool to strengthen credit assessment and monitoring processes.” https://www.businesswire.com/news/home/20210322005403/en/Moody’s-Analytics-Wins-Award-for-Best-Use-of-AI-in-Banking-or-FinTech
From fintechs to banking as a service: global trends banks cannot ignore
“Ant Financial operates the payment service Alipay, the online first bank Mybank.cn, credit scoring Sesame, and B2C marketplace Zhao Can Bao. By pooling and matching the massive amounts of orthogonal data from its different financial and trading services, Ant Financial creates new AI-powered services that create enormous efficiencies and ultra-targeted customisation. While fintech refers to…
Fintechs could see $100 billion of liquidity in 2021
“The Matrix fintech Index rose 97% in 2020, compared to a 14% rise in the S&P 500 and a 10% drop for the incumbent financial service companies over the same time period. E-commerce undoubtedly stood out as a major driver. As a category, retail e-commerce grew 35% YoY as of Q3, propelling PayPal and Shopify…
‘The fintech story has just begun’: Highlights from the AWS Fintech Forum Online
“’Given that consumers are expecting more from their digital experiences, fintech startups are just not disrupting the space, but also empowering consumers,’ he said, adding that they are leveraging artificial intelligence (AI) and machine learning (ML) to improve their bottom lines. Ashish Anantharaman, CTO, Zest Money. Ashish carried out a deep-dive into the operations of…