- “‘On average, our customers will see a 20 percent lift in approvals and a 30 percent reduction in charge-offs just by deploying better math,’ de Vere said.
- De Vere said when he shows would-be clients that his company’s ML software package offers a 10- to 50-times return on investment, ‘it becomes a very easy pill to swallow.’”
Tag: ML
RBC launches its first AI stock trading program
- “Royal Bank of Canada is launching an artificial intelligence-based electronic-trading platform to clients around the world
- Aiden was jointly developed by RBC Capital Markets and the Borealis AI research center, which is backed by the bank and led by inventor Foteini Agrafioti.”
New-gen banking: A bank built for the millennial must function as their financial wellbeing manager
- “This year alone, millennials will constitute 35% of the global workforce. Within a decade, their aggregate income will surpass $4 trillion.
- By 2030, MZ (Millennials and Gen Z) in the US will witness a five-fold increase in their wealth as they are set to inherit $68 trillion from their Baby Boomer parents
- A major bank in Australia that redesigned a credit card to appeal to millennials specifically discovered that usage volumes grew by 70% and new-accounts by 40%.”
What’s New In Gartner’s Hype Cycle For AI, 2020
- “47% of artificial intelligence (AI) investments were unchanged since the start of the pandemic and 30% of organizations plan to increase their AI investments, according to a recent Gartner poll.
- 30% of CEOs own AI initiatives in their organizations and regularly redefine resources, reporting structures and systems to ensure success.
- Chatbots are projected to see over a 100% increase in their adoption rates in the next two to five years and are the leading AI use cases in enterprises today.”
Using machine learning to tackle some of the world’s biggest problems (Infographic)
“Here’s a look at some of the world’s most powerful, promising applications of machine learning to benefit society.”
