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Artificial Intelligence and Financial Services
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In my last blog, I shared some thoughts on how different forms of AI could not only help improve the customer experience, but also ensure that the bank remains in compliance with various industry regulations. As promised, the focus of this blog will be on how AI can both help ensure/monitor regulatory compliance, as well as some of the regulatory...
03 February 2021 /regulation /cloud
Marius Costin Head of EMEA High Velocity Sales at PayU
As lockdowns were introduced around the world throughout 2020, the payments industry experienced a rapid increase in online transactions. The rate of e-commerce sales was already anticipated to grow before the pandemic, with the global online market predicted to reach $5 trillion this year. What no one foresaw was the extent to which national econ...
01 February 2021 /payments /predictions
Bhupendra Choudhary Business Head at FieldCircle
The evolution of sales models is a constant necessity for the distributors of financial products. Be it the selling of insurance, mutual funds, loans, or credit cards, the traditional selling tactics like cold callings, canned pitches, and advertising have lost their credibility and effectiveness. In the past, while conversing with a buyer, the sa...
28 January 2021 /inclusion
Steven Rackham CTO for Financial Services at NetApp
When most of us think of AI, we imagine slick, intuitive designs, underpinned by quick, efficient systems all handed to you on a personalised plate. What many of us don’t necessarily think of is hard, cold numbers. Odd really when data is the key foundation underpinning AI. Artificial intelligence is all about data or numbers, input into systems t...
21 January 2021 /retail /inclusion
Paul Christensen CEO at Previse
The past year has thrown a myriad of challenges at the UK’s National Health Service, from PPE production to logistics and transport, down to staffing hospitals. The healthcare industry faces the second wave of the pandemic and unclear Brexit terms. Suppliers face mounting financial pressure, and now one of the greatest logistical challenges the UK...
19 January 2021 /payments /covid-19
Yinglian Xie CEO at Datavisor
Someone who knows all about this is Yinglain Xie, CEO of Datavisor, fraud detection company with solutions powered by AI technology. Having previously worked at Microsoft, Yinglain has over 10 years of experience in security, specialising in fighting large-scale attacks with AI and Big Data technologies. Here she shares her views on digital paymen...
05 January 2021 /security /crime
Ron Cogburn CEO at Exela Technologies
The Three Laws of Robotics were introduced to the viewing public in 1940 by Issac Asimov in his short story; "Runaround". 1. A robot may not injure a human being or, through inaction allow a human to come to harm 2. A robot must obey the orders given it by human beings, unless such orders would conflict with the first law. 3. A robot mu...
05 January 2021 /startups /predictions
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
In 2021, the focus of financial services will be inclined to enable digital customer journeys as well as to sustain and grow revenue streams. Actively governing data will make managing it more formalized thus making it more available, less complex to understand, and protect the customers' data rights. Three principles and associated formalized dime...
03 January 2021 /people /predictions
2020 has been a hard year for British businesses, from the UK’s smallest suppliers to its most powerful retailers, none have been infallible to the impact of Coronavirus. Arcadia’s collapse into administration highlights just how precarious the UK’s market is. The demise of Philip Green’s retail empire, and the fire sale of Debenhams, demonstrates
14 December 2020 /payments /startups
Dominic Snell Product Strategy Director at Wealth Dynamix
The drive to digitisation of the wealth industry is well and truly underway. Sticking to the status quo of the traditional practices is no longer an option, and many institutions have succeeded in efforts to implement technology to transform operations, especially in back office and operations. We will see the continuation of technology spend and ...
11 December 2020 /wealth
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