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Artificial Intelligence and Financial Services
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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
Retired Member
Today’s AI-driven KYC platforms help banks, fintechs, insurers and more onboard customers and catch fraud at a higher rate—with less dropoff—than ever before. Through the sequential use of proprietary AI algorithms, these platforms maximize accuracy while trimming minutes off ID processing times—without sacrificing security. Advanced image process...
11 December 2020 /regulation /identity
Yaroslav Kuflinski AI/ML Observer at Iflexion
Conventionally, banks and other financial institutions start their automation journeys with robotic process automation. While certainly beneficial, RPA has proven to be limited in its automation capacity. Essentially, RPA is only applicable to tasks that don’t require any cognitive input. Intelligent process automation, on the other hand, is capa...
11 December 2020 /payments /regulation
In my last blog, I shared some thoughts on how different forms of AI could help transform financial services, along with some challenges that needed to be overcome to ensure successful enterprise wide adoption. As promised, this blog will focus on how AI can help improve the customer experience in banking; both directly, and more so indirectly be...
10 December 2020 /retail /crime
Amita Choudhary Marketing Manager at Princeton Growth Accelerator
Artificial intelligence is still a rapidly growing field, and we keep discovering many new uses for it in various different spheres. And while it’s not clear how long this growth and progress will continue for, one thing is certain right now – it’s reasonable to expect quite a lot in the coming months of 2020. In fact, we might be at a stage where...
07 December 2020 /cloud
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