153 Results from 2018, /ai
Vishal Virani CEO at Coruscate Solutions
Starting from Machine Learning to Neural Networks, AI host plethora of technologies. AI is one of those terms that has hit multiple industries by storm and this time it's the banking sectors. Undeniably, AI is a broad term and has made its place in our day to day lives. Whether it's the Facebook or Instagram, the Maps or Google, AI embraces all. A...
22 December 2018 /ai
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
All data is somebody's data. Not really owned - but somebody is having the often exclusive right to use it. Sometimes alone, sometimes together, sometimes the right to alter and delete it, sometimes no right to change or delete it. What will happen next - when GDPR is a? strong foundation and MyData.org - the global movement (now also legally inco...
21 December 2018 /ai Fintech innovation and startups
Retired Member
Many regulations impact the way banks and financial services firms make commitments or conduct transactions with partners and customers. This means that they must find relevant contracts, review the affected language, and then make business decisions to revise or novate the contract, renegotiate commercial terms, or terminate to avoid non-compli
17 December 2018 /ai /regulation Fintech
According to a research paper by Finextra and SAP Customer Experience, Engaging the Unengaged Customer, less than half (49%) of consumers agree that their banks work hard to engage them, and that they feel engaged. Only 36% agree that their bank advocates on their behalf, and only 35% agree that their bank always acts in their best interests rath...
13 December 2018 /ai /retail Banking Strategy, Digital and Transformation
Michael Kerman Marketing Executive at Self-Employed
Every year, without fail, many banks and financial institutions embark on internal projects to improve their compliance operations. And every year, also without fail, they stumble and get stuck. What is it about customer screening that makes it so hard for firms to do it themselves? On the surface, it ought to make sense for these organizations to...
11 December 2018 /ai /regulation Financial Risk Management
Akshaya Bhargava Chairman & Founder at Bridgeweave Ltd.
Recently, while doing a demo of one of our products, I was asked “where is the AI in this?” The question is neither uncommon nor rhetorical but comes with much sub-text. Do we genuinely want to know how the machine has arrived at an answer? How many will even understand the method if it was explained to them? Or do we think that unless AI is demon...
28 November 2018 /ai Fintech innovation and startups
"A neural network more closely mimics the way humans think and reason, whereas linear models are more dogmatic — you’re imposing structure on data as opposed to letting the data talk to you." ~ Eric VonDohlen , VP of Enterprise Business Intelligence and Analytics at ICW Group Traditionally, the biggest advantage of AI-based credit sco...
27 November 2018 /ai Behavioral Economics in Banking
The Real Time Economy Program in Finland (2006- ) did early on set goals like: - Real Time Tax reporting of salaries, pensions and social support (for salaries ready in 2019 - rest in 2020). Dividend, interest and other investment income already there. - Full migration to electronic structured invoicing and e-receipts - Automated accounting and au...
14 November 2018 /ai Data Management 101
The rapidly swelling data river (MyData, Big Data, Open Data, structured and unstructured) and the service design river namely. In the Real Time Economy program (2006-) we have seen important progress towards getting financial and administrative data digitalised into structured and standardised form moving increasingly into real time. This is als...
14 November 2018 /ai Digital Banking Trends
Mohan Raj Senior Manager at Genpact Ltd
Customer experience transformation has been around for more than a decade. It was widely popular in retail industry which was quick to recognize Customer experience as a competitive differentiator. The concept gained traction across consumer facing domains notably consumer banking, E-commerce, Hi-Tech. Companies have spent millions of dollars in t...
12 November 2018 /ai Disruption in Retail Banking
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