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Artificial Intelligence and Financial Services

Artificial Intelligence and Financial Services

Denis Ostapchenya

Denis Ostapchenya Head of Financial Services at Andersen

Five Application Scenarios of AI in Banking

Over the past decades, banks have been improving their ways of interacting with customers. They have tailored modern technology to the specific character of their work. For example, in the 1960s, the first ATMs appeared, and ten years later, there were already cards for payment. At the beginning of our century, users learned about round-the-clock ...

/retail /wholesale

Steve Morgan

Steve Morgan Banking Industry Market Lead at Pegasystems

Intelligent Automation: Its benefits on customer service for traditional banks

In a recent study by the FCA on banking customer satisfaction, challenger banks Monzo and Starling ranked top of the leaderboard for overall service quality, scoring 86% and 84% respectively. Traditional banks, including some of the UK’s largest financial service providers, performed less well. During the course of the pandemic, customers have ha...

/retail /cloud

Adam Lieberman

Adam Lieberman Chief AI Officer at Finastra

The benchmarking breakdown: why your competitors aren’t your competitors

Benchmarking is an incredibly useful tool. It allows organizations to measure themselves against their main competitors and identify key areas they thrive in as well as areas in which they are lacking. But, identifying your main competitors is a task within itself. For example, when it comes to incumbent banks, the major competitors in the market ...

/retail /predictions

Michael Boukadakis

Michael Boukadakis CEO at ENACOMM

Conversational Banking Is a Competitive Necessity in a Remote-Everything World

Conversational voice banking was already gaining prominence in the financial services industry before the pandemic hit. Then, its importance was heightened and deployment accelerated when COVID-19 started sweeping across the globe, limiting person-to-person (read: banker-to-customer) contact. Thankfully, the level of security now possible is concu...

/retail /predictions

Baldeep Dogra

Baldeep Dogra Director of Solutions Marketing at BlackBerry

Artificial intelligence: better user experience and security for the financial sector

For over 50 years, a password and a username have been the fundamental and largely unchanged model for identifying and verifying users - both in the financial sector and beyond. Nevertheless, there are drawbacks to this strategy, which can certainly be seen in the financial sector. Complex and long usernames and passwords are not user-friendly. T...

/security

Retired Member

Retired Member 

When it comes to offshore call centres, what price is a happy customer? How can AI help?

The offshore explosion The nineties saw an explosion in the deployment of offshore service centres, the most popular destinations being China, India, Malaysia, Indonesia, Philippines and Brazil. The main benefit of this dash to offshoring and outsourcing was seen as reduced cost, given the compelling lower staffing and real estate costs these lo

/wealth /cloud

Hani Hagras

Hani Hagras Chief Science Officer at Temenos

Banking on AI to give small businesses a boost

While much attention has focused on exciting developments in digital services for consumers, its with businesses, particularly small businesses, where banks have an opportunity to shine. Banks have typically serviced the SME market with a blend of retail and corporate solutions, but it is widely recognised that this no longer fits the evolving nee

/retail /predictions

Josh Rix

Josh Rix Director at Woodhurst Consulting

AI - Can we unpack the black box?

Some machine learning tools are incredibly complex. So complex that they are considered to be “black box” systems. On the one hand, they are determining more and more accurate outputs to increasingly difficult problems. But on the other, the inner workings of these solutions can’t easily be understood by a human, and the rationale for the decision...

/regulation /startups

Dmitry Dolgorukov

Dmitry Dolgorukov CEO at GiniMachine

Fintech, AI and ML: What you need to know in 2021

Over the past few years, the financial world has been increasingly adopting smart solutions to cope with the industry's changing landscape. Artificial intelligence (AI) and machine learning (ML) have almost thoroughly infiltrated almost every area imaginable, from back-end processes to forward-facing front-end roles. In 2019, the use of AI in Fint...

/predictions

Alex Kreger

Alex Kreger Founder & CEO at UXDA

AI-Powered Contextual Banking CX Requires a Radical Paradigm Shift

There's no doubt about the huge potential and possibilities of conversational banking and Artificial Intelligence (AI) in banking. Though it's rarely discussed, its proper integration determines whether it will make customers’ lives better than ever before OR become deadly dangerous if applied without human centricity. A radical paradigm shift is ...

/retail /predictions

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