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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...

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...

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...

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...

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...

How Artificial Intelligence Will Revolutionize Banking

Artificial Intelligence gets a bad rap in pop culture. Movies like Terminator (with its rebellious Skynet) and 2001 (with its murderous HAL 9000) portray a future where the robots get smart, and conclude that...

Conservative Financial Industry Progressing with Machine Learning

Savvy marketers in the financial services industry are in the vanguard of early adopters using machine learning (ML) to streamline operations and optimize business outcomes. A survey of 1,419 customers, including more than 150 in...

How The World’s Biggest Banks are Doubling Down on AI

When we think of companies at the forefront of technological innovation, global financial institutions don’t necessarily come to mind. Instead, massive tech giants like Amazon, Apple and Alphabet dominate the conversation around innovation and...

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...

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...






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