Wednesday, January 16, 2019
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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...

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...

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...

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...

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...

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...

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...

KPMG Announces Agreement With IBM Watson To Help Deliver Cognitive-Powered Insights

KPMG LLP and IBM (NYSE: IBM) today announced plans to apply IBM’s Watson cognitive computing technology to KPMG’s professional services offerings. The agreement, including a focus on auditing services, builds on several recent successful KPMG initiatives demonstrating the...

AI Trends Interviews Balazs Klemm of Almax Analytics

Yesterday, AI Trends covered the seed round funding of Almax Analytics. Earlier today, we caught up with their CEO, Balazs Klemm. AI Trends: Congratulations on your seed funding.  Can you tell us how much you have raised?  Balazs: We...

The Battle of the Quants, AI is the Next Big Thing in Trading

Bartt Kellermann, chief executive officer and founder of Global Capital Acquisitions, discusses "the battle of the quants," quantitative based trading and employing artificial intelligence to power hedge funds. He speaks to Bloomberg's Rishaad Salamat...






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