Artificial Intelligence

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Banking Brands Need AI to Keep Pace With Digital Giants

Even though the acronym AI is now well-embedded in banking industry consciousness, actual use of artificial intelligence, and its cousins machine learning and data analytics, has been limited except with a handful of the largest financial institutions.

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Four Ways Artificial Intelligence Will Transform Banking

On a recent trip to New York, I stopped by a bank on Fifth Avenue, where I was greeted by a friendly employee named Pepper. We exchanged a few pleasantries before she provided me with information on what the bank had to offer. Then she asked a few questions before pointing me to another staff […]

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Visa Prevents Approximately $25 Billion in Fraud Using Artificial Intelligence

SAN FRANCISCO–( i VAA is a comprehensive risk management tool that monitors and evaluates transaction authorizations on the Visa global payment network, VisaNet, in real time to help financial institutions promptly identify and respond to emerging fraud patterns and trends.

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Customers and Banks Priorities Collide as AI Jolts Financial Industry

In a previous article I shared some of the challenges, benefits and trends of Big Data in the telecommunications industry. This time, I will focus on the financial services industry based on previous IBM studies in this industry and some personal experiences.

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Visa CEO Al Kelly Skeptical of Real-time Payments

Visa CEO Al Kelly shared his skepticism about the outlook of real-time payment (RTP) platforms at an investor conference last week, noting that he doesn’t see a robust consumer need for payments faster than current card network or settlement platforms, per Bloomberg.

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10 Ways Artificial Intelligence Is Helping Us

3 Views Did you know that Artificial Intelligence will contribute a whopping 15.7 trillion to the global economy by 2030? In addition to economic benefits, AI is also responsible for making our lives simpler.

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Current Trends in Fintech and AI

Artificial intelligence (AI) in the fintech industry is not about replacing live employees with robots. Instead, it’s about using automation to carry out basic or routine tasks in order to let employees handle more complex issues.

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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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