491 Results from /ai
Retired Member
When you are investing and strive for a higher ROI, whom do you address? As a rule, you reach out to a team of wealth advisors. That means meeting regularly with those financial consultants to discuss your ventures and make adjustments to your investment portfolio. This process is time and money consuming and can be frustrating, as well. This does...
15 April 2019 /ai Innovation in Financial Services
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
The growing recognition of new value creation from using chatbots has amplified market hype, even though there are many genuine cases delivering benefits. This growing momentum has cultivated a populist belief that natural language processing, powered by machine learning, is fit for purpose in any context. Furthermore, it has cultivated a sense-mak...
09 April 2019 /ai /regulation Innovation in Financial Services
The secret to successful AI Chatbots and virtual assistants are transforming the way financial services organisations engage and interact with their customers. Open Banking has catalysed the development of new, sophisticated stand-alone Artificial Intelligence (AI) solutions and the advent of ‘voice’ operated services has led to the increasing use...
09 April 2019 /ai Digital Banking, Mortgages and Savings
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
The rapidly expanding realm of artificial intelligence (AI) presents a powerful tool for meeting the requirements of regulatory oversight. But like any powerful tool, using it incorrectly can lead to disaster. I have seen firms allocate large budgets to onboard extremely advanced technology to solve a particular challenge, but their efforts are no...
05 April 2019 /ai /regulation Banking Strategy, Digital and Transformation
Ron Cogburn CEO at Exela Technologies
Progress is impossible without change, and those who cannot change their minds cannot change anything." – George Bernard Shaw. Automation is nothing new. In fact, it's been influencing manufacturing processes for centuries, allowing human beings to produce without constantly keeping their hands on the wheel. But as the head of a business proce...
03 April 2019 /ai Bigger than Technology
Across the globe, banks are facing major issue with digital banking, cyber security, regulatory audit and compliance issues. Further, any lapses found during internal / external or regulatory audit of the bank would lead to regulatory fines levied based on the issues ascertained. The reputation of Bank is founded on trust from its employees, clie...
03 April 2019 /ai /retail Banking Strategy, Digital and Transformation
Regulatory compliance is a time and resource-consuming burden for every financial institution – since the Global Financial Crisis, regulatory requirements have increased exponentially. Regulators are increasingly demanding more detailed information, and firms now have to demonstrate greater levels of responsiveness, accuracy and monitoring of thei...
01 April 2019 /ai /regulation Financial Services Regulation
Introduction The enterprises in the 21st century have been drawn into the data endearing ecosystem that is currently present today. With the formula of more data, more success gaining popularity amongst several decision makers, it is highly evident that enterprises are focussed on quality customer intelligence, which they can integrate into their s...
27 March 2019 /ai Fintech
Parth Desai Founder and CEO at Pelican
Open Banking is a powerful opportunity for both established banks and new fintech market entrants to develop and deliver impactful and empowering payments and financial services to consumers and businesses alike. It has been estimated that PSD2 has the potential to create a revenue opportunity of at least £7.2bn by 2022 across retail and small-bus...
26 March 2019 /ai Open Banking
Nicola Cowburn Chief Marketing Officer at CUBE
The tangled web of regulation is hitting the headlines, yet again. Changes proposed by the Federal Trade Commission (FTC) to the 2003 Safeguards Rule have been met by warnings from the American Financial Services Association (AFSA) that they may contain ‘traps’ for unwary financial institutions attempting to meet both state and federal laws. How...
20 March 2019 /ai /regulation Financial Services Regulation
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