Deutsche Bank partners with Google to transform banking

“One of the specified gains for Deutsche Bank is access to Google’s artificial intelligence (AI), machine learning (ML) and data science capabilities. Its overall focus will be to harness this technology in order to make digital and online financial services simpler, faster and easier.

Other use cases could include cash flow forecasting, augmented risk analytics and superior security for customer accounts.”

https://www.fintechmagazine.com/technology-and-ai-2/deutsche-bank-partners-google-transform-banking

Google: The Next Big Fintech Vendor

“Google’s Banking Forays
Four recent stories regarding Google signal that it, too, is following a similar path and is on its way to becoming the next big fintech vendor:

  1. Google checking account.
  2. Google debit card
  3. Google AI tool for Paycheck Protection Program loan processing
  4. Google Cloud bank deal

With all the talk in the industry that Big Tech firms like Amazon and Google are going to “cut out the banks,” why would a bank hire Google as a technology vendor? Two reasons:

  1. Consumer prowess
  2. Technology and analytics expertise“

https://www.google.com/amp/s/www.forbes.com/sites/ronshevlin/2020/05/11/google-the-next-big-fintech-vendor/amp/

Google and the Oxford Internet Institute explain artificial intelligence basics with the ‘A-Z of AI’

  • “The Oxford Internet Institute (OII), the social and computer science department of the U.K.’s University of Oxford, has partnered with Google to launch a portal with a series of explainers outlining what AI actually is — including the fundamentals, ethics, its impact on society, and how it’s created.
  • https://atozofai.withgoogle.com/intl/en-US/
  • At launch, the “A-Z of AI” covers 26 topics, including bias and how AI is used in climate science, ethics, machine learning, human-in-the-loop, and Generative adversarial networks (GANs).”

Google and the Oxford Internet Institute explain artificial intelligence basics with the ‘A-Z of AI’

Square Receives FDIC Approval, Aims to Open a Bank By 2021

  • “The company will be primarily offering deposit products and small business loans for Square Capital’s commercial lending business.
  • Additionally, companies like Alphabet’s GOOGL Google, Amazon AMZN and Facebook are leveraging the power of artificial intelligence (AI), machine learning (ML), augmented reality (AR)/virtual reality (VR), data analytics and cloud technologies to make advances in this particular sector, in turn intensifying the battle.”

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/square-receives-fdic-approval-aims-142702728.html

Baidu: AI Exceeds Human Natural Language Comprehension And Open Source Could Make It Even Better

  • “Natural language comprehension. And in the last year and a half, it’s where Baidu has made the biggest progress, as its system, ERNIE (short for Enhanced Representation through kNowledge Integration), is presently the best in the world by GLUE (General Language Understanding Evaluation) score.
  • Earlier this year, Baidu had the surprise distinction of shaking up the GLUE leaderboard by knocking off perennial leaders Google and Microsoft with ERNIE. Out of a full score of 100, Baidu is now the first team to surpass 90 with its ERNIE. By comparison, the average human being scores an 87.”

https://www.google.com/amp/s/www.pymnts.com/news/artificial-intelligence/2020/baidu-collaborative-effort-build-next-generation-artificial-intelligence/amp/