Retired Member
In a recent study it was found that the Artificial Intelligence could be a near $450 billion dollar opportunity for banks. What does this mean? It gave a clear picture of the transformation and adoption of latest digtial tools that the banking sector needs to be familiar with. As we all know that the banks have millions of data spread across dispa...
13 November 2019 /ai Banking Strategy, Digital and Transformation
Satish Saini Head Business Process Services Europe at Hexaware Technologies Limited
Complex Problem: Operational challenges Trade financing, where banks and financial institutions provide credit facilities in order to guarantee exchange of goods, is a centuries old industry that hasn’t seen much change with the growth of global trade flows. Banks need to transform themselves for efficiently meeting the growing trade finance demand...
11 November 2019 /ai Artificial Intelligence and Financial Services
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
INTRODUCTION Innovation is about changing the status quo in a way that adds value to stakeholders. To demonstrate adding value requires measurement. With this clear definition of innovation, lets apply it to regulation. THE REGULATORY FABRIC AS A MARKET The scope of this challenge is huge as the regulatory fabric impacts every person and every o...
11 November 2019 /ai Banking Strategy, Digital and Transformation
Steve Wilcockson Product Marketing at Quantexa
I work in financial services, typically quantitative technology applications. A recent employer of mine was an imagery company, providing satellite and drone-sourced data into finance and insurance. In this heady mix of finance and space, I worked with people from defence, aerospace, geospatial, surveying and satellite communications backgrounds w...
11 November 2019 /ai /devops Trends in Financial Services
The reputation of any financial services organisation rests squarely on trust, security and professional integrity. Breaches of any of these profoundly damages the belief of markets, investors and customers in the others. Every financial services organisation is engaged at some level on modernising itself to remain fit for its twentieth first cen...
05 November 2019 /ai /security Artificial Intelligence and Financial Services
Steve Morgan Banking Industry Market Lead at Pegasystems
In retail banking, a bank only has one customer (or two) per account. In the corporate scenario however, there are so many more stakeholders for each account which makes service excellence far more complex. When customers are international, achieving excellent client service also comes with geographical challenges such as different currencies, lan...
30 October 2019 /ai Customer Service 2015-2019-2025
Artificial intelligence has been around for quite a while now, and it’s already made a strong impact on many sectors. It should be no surprise that customer service has been one of the most affected ones, and it looks like we’re only seeing the tip of the iceberg in terms of what’s possible, too. Many changes are coming up on the horizon, and with...
29 October 2019 /ai Artificial Intelligence and Financial Services
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
What does a Data-driven Economy mission mean? In short: better service, mega-shift in productivity, sustainability through less waste and CO2, fact-based decisions, true single European market, global transparency and the end of grey economy. What does a Data-driven Economy need? In short: 1. Data - eventually most of it structured, standardized,...
28 October 2019 /ai Open Innovation Ecosystems
Chris Holmes Senior Vice President at KAE Consulting
Financial services providers have been using Artificial Intelligence (AI) and machine learning for a range of operations, including credit underwriting and conversational banking. However, one use case that has emerged as a priority for the industry is linked to the better management and prevention of fraud. Reports of fraudulent activity in 2019 ...
23 October 2019 /ai /security Artificial Intelligence and Financial Services
The Economist article also describes how policy makers and central banks often have to resort to outdated price data and how sudden important changes typically are in a global economy. So when they find the data the important trends may already have emigrated to the next big thing. As we have moved from soon mandatory e-Invoicing+e-Receipts to...
23 October 2019 /ai Bigger than Technology
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