Texas Dow Employees Credit Union (TDECU), a texas-based credit union with assets over $3 billion, implements interfaces' AI-Powered Digital Assistant, helping drive the conversion rate to 42% with first-time bankers. Coaching and guiding end-users throughout the application process, Max (TDECU's Digital Assistant ) is tailored to proactively assist all non-members to fill out their application forms. Read more »
MDOTM, the fintech startup that develops AI-driven investment strategies for institutional investors (Banks, Family Offices, Wealth and Asset Management companies), launches its Advisory Board and announces its members: Federico Ghizzoni, Chairman Rothschild Italy and former CEO Unicredit; Alida Carcano, CEO Valeur Asset Management; Marino Valensise, Head of the Multi Asset Group and Chairman of the Strategic Policy Group at Barings; Fabio... more Read more »
Artificial intelligence (AI) is rapidly finding applications in nearly every walk of life. Self-driving cars, social media networks, cyber security companies, and everything in between uses it. But a new report published by the SHERPA consortium – an EU project studying the impact of AI on ethics and human rights that F-Secure joined in 2018 – finds that while human attackers have access to machine learning techniques, they currently focus most... more Read more »
While the global implementation of EMV chip technology has reduced fraud activity for card payments, the payment’s ecosystem is still battling the threat of new and emerging fraud payment schemes online. Brighterion, a Mastercard company, and Elavon, a global payments provider and subsidiary of U.S. Bank, have announced they will work together to integrate Brighterion’s advanced artificial intelligence (AI) platform into Elavon’s network to... more Read more »
YSEOP, world leader in AI software and pioneer of natural language generation technology (NLG), today announced recognition as a Representative Vendor in Gartner’s first Market Guide for Natural Language Generation Platforms*. Read more »
Finantix, a leading supplier of transformational software to the private banking, wealth management and insurance industries globally, announced that Deutsche Bank Wealth Management has chosen its AI-powered Finantix KYC Solution to help enhance the bank’s client onboarding and know-your-client (KYC) processes. Read more »
Customers in the UK are embracing the use of AI driven financial services (FS), with 63% happy to use chatbots for everyday queries and over a third preferring an instant response from a chatbot over a delayed one from a human. Research carried out by Pinsent Masons and Innovate Finance demonstrates the opportunity for AI to underpin fundamental FS functions, while not losing sight that the role of the human is crucial to transform the industry... more Read more »
The ability to predict and shape the long term success of global takeovers is often seen as the “holy grail” for CEOs, investors and their advisors. A new report from chartered accountancy body ICAEW and Drooms, a leading data solutions company, reveals that some key decision making may soon be taken away from humans and guided instead by the application of artificial intelligence (AI) in many stages of a deal process. Read more »
Sidetrade, the artificial intelligence software vendor for business, welcomes the British government’s efforts to challenges around company cash culture, particularly its emphasis on using technology to address the issue of credit management. Read more »
More than a third of companies have adopted some form of AI in the past year, according to an MHR Analytics poll. The poll revealed 38 per cent of companies have made the leap to AI or machine learning by adding the technology to their analytics approach in the past 12 months. Almost a fifth (19 per cent) of the 500 professionals polled on Twitter said their company had made ‘significant’ progress with adopting AI, and a further 19 per cent said... more Read more »
Digital Reasoning, a leader in Artificial Intelligence (AI) that understands human intentions and behaviors, and Corlytics, the world leader in calculating and analyzing regulation as a risk, are collaborating to deliver one of the highest volumes of pre-trained models available to the financial sector. Combining Digital Reasoning’s ability to harness human communication through AI with Corlytics’s evidence-based approach, financial... more Read more »
To win the customer’s heart, insurers cannot afford to lag behind on customer-focused innovation. Throughout the claims journey they must deliver interactive, personalised experiences. Whilst there are many barriers to implementing AI and analytics effectively to drive results across customer service and claims, it is essential for winning and retaining customers in the future. Insurance Nexus is hosting a live webinar on the 26th June which... more Read more »
Agorai, a global platform which provides the turnkey software solutions and data needed for any company to join the AI economy, has been recognized for “Corporate Innovation in AI” at the AIconics awards during London Tech Week. Read more »
Tinkoff introduces Оleg, the world’s first voice assistant created in Russia for finance and lifestyle-related tasks. His mission is to help users navigate within the Tinkoff ecosystem, make customers’ lives simpler and become a friend who is always nearby. Oleg is the first voice assistant built by a financial institution as a proprietary solution. Who is Oleg Read more »
New research released today by financial services technology leader FIS™ (NYSE: FIS) reveals that the greatest barrier to UK financial institutions developing digital products, services and operations is regulatory compliance risk. The findings are from FIS’ global Readiness Report, which shows that, by comparison, the biggest barrier to digital innovation for US firms is complex legacy IT systems, and overall cyber security risk was most... more Read more »
