Richard Miller Product Owner at RegDefy (MV37)
The position of Data Scientist is rapidly becoming a highly desired role as financial institutions consider how to implement Artificial Intelligence (AI) and Machine Learning (ML) projects within their organisations. Identifying the need for a Data Scientist is the easy part of the process, however, the real difficulty is in finding the right Data...
08 September 2017 /ai
Arpana Sharma Subject Matter Expert at Genpact
Do you feel lost without a mobile device? Research suggests mobile users can't leave their phone alone for six minutes and check it up to 150 times a day. Banks need to adapt to this fundamental shift in customer behaviour. As customer change, organizations are heavily investing in deploying bots to service them. Capital One’s chatbot Eno, Royal Ba...
05 September 2017 /ai /retail Digital Banking Trends
Anjani Kumar Principal Consultant - FS Risk & Compliance at Infosys Limited
As per the United Nations Office on Drugs and Crime (UNODC) estimate, each year, across the globe, the value of money that is laundered equate to 2 - 5% of the global GDP. In absolute term, this amounts to USD 800 billion – USD 2 trillion. Unsurprisingly then, governments and policy makers across the globe have been concerned with the rampant mena...
05 September 2017 /ai /regulation Banking Architecture
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
As conversation is a more natural interface than websites, enterprise applications and mobile apps, it is inevitable that dialogue will become the most prominent and effective way of communicating between people and computers. The speed of this transition will undoubtedly be far faster than most people are expecting. Why? Dialogue is via a Convers...
01 September 2017 /ai /regulation Futuristic Banking
One of the challenges for Artificial Intelligence (AI) / Autonomous Solutions (AS) is to mitigate socioeconomic risks and negative impacts. Financial Services have already experienced unintended risks when empowering algorithms to trade without sufficient checks and balances. During the afternoon of May 6, 2010, The Dow Jones Industrial Average ...
25 August 2017 /ai /regulation Futuristic Banking
Retired Member
Of all industries banking has been amongst the slowest to migrate core processing to the cloud. There is no doubt that the few cloud providers that started their businesses purely designed for the cloud have sophisticated, complete and secure offerings so what are some of the reasons for banks to consider using public cloud services? Reduce costs ...
22 August 2017 /ai
The rise of big data, computing power, and advanced analytics enables companies to gain valuable insights from data. Artificial intelligence, machine learning, the Internet of Things, and drones are just a few innovative tools now available to help companies gain a more complete view of their businesses and make better decisions. For risk managers...
18 August 2017 /ai /regulation Financial Risk Management
A recent PWC Study identified the following top sectors at potential high risk for automation: 63% Water, sewage and waste management 56% Transportation 46% Manufacturing 44% Wholesale and retail trade 32% Finance and insurance 32% Public administration and defence 32% Electricity and gas supply However, the study states th...
18 August 2017 /ai Futuristic Banking
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
If you think bots will never replace human agents, you’re amongst the lucky few who has been served by intelligent human agents. I admit that I’ve also been among the lucky few at times. But more often than not, I come across fairly dumb human agents. And, lately, I've started experiencing fairly intelligent chatbots. Let me give you three recent ...
14 August 2017 /ai /retail
The Chatbot Market is being led by the six tech titans: Microsoft, Facebook, Amazon, TenCent, Google and Apple. Some key trend highlights Transparency Market Research estimates that the global chatbot market will grow at 27.8% CAGR, in terms of revenue, over the period between 2016 and 2024. They expect the market to increase from a valuation
11 August 2017 /ai Innovation in Financial Services
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