Thursday, March 21, 2019
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Here Are Ways AI is Helping Financial Institutions

Artificial intelligence (AI) is disrupting diverse industries, but banking is projected to benefit the most out of incorporating AI systems in the next couple of years. Analysts estimate that AI will save the banking...

JPMorgan Has Poached a Google Exec For AI Innovation

JPMorgan Chase has hired a senior executive from Google as its new head of artificial intelligence (AI) and machine learning services. According to a memo obtained exclusively by CNBC, Apoorv Saxena, Google’s head of product management for cloud-based artificial...

Executive Interview: Dr. Foteini Agrafioti, Head of Borealis AI and Chief Science Officer, RBC

Combining Fundamental and Applied AI Research to Create Opportunity for Canada Dr. Agrafioti is the Chief Science Officer at RBC and Head of Borealis AI. She is responsible for RBC’s intellectual property portfolio in the fields...

Eying Savings, State Street Wants To Use AI On “Almost Everything”

Banks and other financial institutions (FIs) around the financial services ecosystem are increasingly investing in artificial intelligence (AI) and machine learning (ML) technologies. Roughly 80 percent of banks with more than $150 million in assets have evaluated the use of...

Fintech: Sector Can Benefit From Up To $512 Billion via Intelligent Automation

A new report from Capgemini’s Digital Transformation Institute reveals that, by 2020, the financial services industry could reap up to $512 billion in new global revenues through intelligent automation. The report, Growth in the Machine, demonstrates the advantages...

Barclays Appoints Adam Kelleher as Chief Data Scientist for Research

Barclays has announced the appointment of Adam Kelleher as Director and Chief Data Scientist for Research. In this newly created role, he will be responsible for building a new global team of data scientists...

High Quality Data Key to Eliminating Bias in AI

Biases are an incurable symptom of the human decision-making process. We make assumptions, judgements and decisions on imperfect information as our brains are wired to take the path of least resistance and draw quick...

Use of AI and Machine Learning on the Uptick in Finance

Financial services organizations realize they have the potential to apply advanced analytics for both internal and external benefits since they have large data sets and experience with analytical tools. From payment services to everyday...

AI Trends Weekly Brief: AI in Fintech

AI Pushing Financial Sector to Innovate, While Fintech Startups Offer New Banking Models Fintech, or Financial Technologies, represents many technologies that have disrupted traditional financial services. Fintech is advancing mobile payments, money transfers, loans, fundraising and...

The Maturation of Blockchain is Attracting Banks

Blockchain has been a growing buzzword among tech circles in recent years. The technology has evolved from simply being the infrastructure for bitcoin into a full-fledged ecosystem that has shown tremendous potential. Until recently,...






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