57 Results from 2017, /ai
Richard Miller Product Owner at RegDefy (MV37)
On returning from the Gartner Symposium in Barcelona last week, my head was brimming with new narratives about the latest and greatest technologies that were going to transform financial services and what IT leaders should be doing about it. Unfortunately, in amongst all the platforms, ecosystems and new ways of thinking there was a constant naggi...
16 November 2017 /ai
Retired Member
Current AML Techniques In today’s world, we tend to combat money laundering efforts with regulation-based account surveillance and ordinary KYC systems, when in all honesty these techniques will not hold up in the ever-changing world of financial delinquency. For one, the Risk Based Approach (RBA) used by financial institutions for AML complianc
16 November 2017 /ai Financial Services Regulation
Jose Pierre CEO at Marketware International, Inc.
It is no longer a question that Emerging technology, such as robotic process automation (RPA) and, cognitive computing will have great impact on our businesses in years to come and, will undoubtedly transform the workforce of the future across the financial sector. Today, RPA is at the forefront of human-computer technology and promises to provid...
14 November 2017 /ai Innovation in Financial Services
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
There is a very early emergence of Chatbot capabilities being enriched by Blockchain. There are three distinctive use cases: Conversational Customer Consent Certain types of Chatbots provide a viable alternative to dense ‘legal’ content such as Terms of Conditions or Financial Product Conditions. This is relevant where there are customer choices ...
11 November 2017 /ai Futuristic Banking
Mike Foden Market Analyst at IBM
The PSD2 countdown clock is well and truly ticking and is now only a couple of months away. It’s not exactly Y2K levels of excitement, but at least no one expects planes to fall from the sky. Naturally, most of the discussion in the run-up has focused on what PSD2 will mean for banking. Whitepapers from the consultancy firms have gone for the FUD...
07 November 2017 /ai /retail
Juniper Research believes the emergent evidence from using Chatbots has the potential to replace the tasks of targeted human workers through fluent conversations with human users. They believe that Chatbots will undertake the following key tasks: Handle conversational interactions with human users Seamlessly handoff to human agents Trigger autom...
03 November 2017 /ai /regulation Fintech
Where did this invoice come from? And why was an order placed with this supplier? With efficiency largely defining success, these are questions that any head of purchasing should not have to concern themselves with. Purchasing is a function that has historically been slow to join the digital revolution, prioritising cost-cutting rather than integr...
01 November 2017 /ai Data Management 101
Forrester Research has significantly increased its coverage of Chatbots especially for delivering customer service. They are already seeing evidence that chatbots are starting to make a difference where customers used to be frustrated when they get placed in a telephone queue or loop when trying to reach the customer service desk. The ability
27 October 2017 /ai /regulation Futuristic Banking
Extensive automation of business processes in international banking using artificial intelligence, robotics and machine learning, which I’m going to collectively call robotic process automation (RPA), is set to transform the way banks and financial services firms do business – particularly in areas such as trade finance and similar complex banking...
26 October 2017 /ai Transaction Banking
The cost of adhering to AML requirements for financial institutions is growing at an alarmingly rapid pace as employees race to stay abreast of the complex and dynamic regulatory landscape. RPA has emerged in recent years as a way to help eliminate the manual process associated with KYC thus reducing costly human errors and compliance failures. Wit...
25 October 2017 /ai /regulation Business Knowledge for IT
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