One of the lead articles in this edition of Financial IT highlights how banks will continue to beexcited about Artificial Intelligence (AI) in 2019. There will be experimentation involving AI.There will be investment in AI. However, mainstream adoption of AI solutions are unlikely. This is partly because the demands of clients are complex and increasingly sophisticated. Chatbots maybe able to reduce costs and boost efficiency, but they are not – yet – able to provide the tailoredcustomer experience that clients are looking for.
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Ondot Systems, the global leader in powering mobile payment services, today announces a new suite of mobile, digital solutions that enable UK and Europe’s largest banks to compete and disrupt emerging challengers.
The largest European banks closed more than 9,000 branches over last years and shed 50,000 staff. These figures reflect the latest banking trend - digitization of settlement instruments and bank branches. The market of mobile and contactless payments, digital currencies, and etc. are rapidly growing.
Understanding AI is non-negotiable for insurance carriers. Out of the entire spectrum of technology that have the potential to affect the insurance industry, the consensus is growing that AI is likely to have the biggest impact. The industry certainly believes this; insurance carriers’ investments in AI are increasing year-on-year, with the trend is set to continue, at least into 2019.
Natixis Payments brings its Apetiz’s customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.
In a UK banking first, Barclays has today announced a service where Deaf or hard of hearing customers will be able to have their telephone conversations with the bank interpreted by a lipspeaker: a hearing person who can provide communication support by being easily lip read.
CoverWallet, the leading insurtech company that makes it easy for small businesses to understand, buy, and manage insurance online, today announced CoverWallet for Agents, a dedicated platform for insurance agents.
Through the technology platform, agents benefit from a fast, simple, and efficient way to provide commercial insurance to businesses, with a single point of entry to access top carriers for multiple types of policies.
iSignthis Ltd subsidiary, iSignthis eMoney Ltd, trading as ISXPay® (“the Company”), is pleased to announce it has accepted deposits on behalf of customers to its own issued International Bank Account Numbers (IBANs). The IBANs are interbank network locatable via ISXPay’s SWIFT / Bank Institution Code (BIC) ISEMCY22XXX. Customers are able to log into their accounts via the Probanx.com online banking platform, retrieve balances and execute SEPA transfers held against their IBANs.
IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, and GreenKey Technologies, creator of patented voice software with integrated speech recognition designed specifically for the financial markets, today announced that they have jointly been awarded the 2018 American Financial Technology Award (AFTA) for “Best Partnership or Alliance.”