Artificial Intelligence

How Will Artificial Intelligence Ultimately Benefit the Financial Services Sector?

Bank transfers, debit cards, credit cards, e-wallets and mobile wallets: all are used to process the one hundred and twenty-two billion digital transactions made each year in the European Union.

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AI Can’t Be Bottled Up — But Will the US Give It a Try?

New technologies face numerous tests that go beyond whether they work.

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Artificial Intelligence Enthusiasm Outpacing Adoption

Artificial intelligence and machine learning have become essential for organizations to stay competitive. But adoption is lagging even among key decision-makers championing change. That is the finding of a new survey by the RELX Group, a global provider of information and analytics. The company surveyed 1,000 U.S.

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Microsoft Joins RegTech Association Australia for Enhanced AI in Banking

RegTech Association, Australia has announced its membership with Microsoft and is keen to exhibit to regulators how AI could improve bank compliance. The new membership comes as a potential rescue to concerns exposed by the banking royal commission.

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Moving Beyond the Hype: Six Real-Life Applications of AI in FinTech

Artificial intelligence (AI) may well be at the peak of its hype cycle now. The World Economic Forum dubbed AI – and a suit of other fast-evolving novel technologies – a herald of the Fourth Industrial Revolution, acknowledging the tech’s potential to drive transformative changes across economies and impact society at scale.

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AI and Machine Learning in Mobile Payments

For years, the financial industry has been collecting big data but has been waiting for ways to utilize it to its full capability. Thanks to AI’s ability to process big data and deliver insights, that time is now.

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From Engaging Customers to Developing New Product Lines, How YES BANK Is Banking on AI to Lead the Game

FY 2017-18 was a significant year for YES BANK. The year saw them launching several initiatives, all of which aimed to enable the bank scale up faster, and make the transition to providing ‘Banking-as – a –Service (BaaS)’ – essentially linking financial services to every stage of a customer’s life.

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AI and the Not-Too-Distant Future of Payments

Not long ago, identifying credit card fraud required a mostly manual effort. Computers could be programmed to identify significant discrepancies in transaction databases – for example, an extremely expensive purchase from another country – but that was about it.

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Payments Embrace Deep Learning

As the market embraces technology to assist with regulatory compliance and better customer service, the sophistication of offerings available to end users has skyrocketed. PaymentEye spoke with Ren Hendrikse, Vice President Managing Director, EMEA, Mitek, to find out more.

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5 Ways the World Economic Forum Says AI Is Changing Banking

Artificial intelligence has been a focus of discussions at the World Economic Forum’s annual meeting in Davos, Switzerland, over the past few years, so the organization decided to partner with Deloitte Consulting on a study that sought to cut through the sensationalism surrounding AI and offer helpful insights for business leaders and policymakers.

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How AI Will Change Banking

The World Economic Forum has been conducting research over the last year around how AI (Artificial Intelligence) will change banking that was published last week. Here’s the lowdown: Artificial intelligence is fundamentally changing the physics of financial services.

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Regulators Have Their Eye on AI

Financial services companies, in particular banks, are racing to harness the potential of artificial intelligence. Lenders are employing algorithms that analyze consumer data to conduct credit scoring and determine appropriate loan amounts, and AI tools examining customer transaction habits are improving fraud alerts and reducing money-laundering risk. But how might regulators react?

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