759 Results from /ai
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
The Malaysian RHB Banking Group has launched a chatbot via the RinggitPlus comparison website. The chatbot is a blend of an “advisor” and “salesperson” for consumers applying for a personal loan. During the conversation the chatbot co-ordinates all the necessary information and communicates eligibility via SMS. The RHB Banking Group targeted ...
29 September 2017 /ai /regulation Fintech innovation and startups
Vaibhav Grover Senior Director at Sutherland
Banks across the globe are investing big dollars into Intelligent Bots. HSBC has recently announced a low-cost online investment service that uses algorithms to match customers to an investment portfolio. American financial services provider Raymond James Financial said it would offer bot-advisers to clients by the year end. NatWest recently laun...
28 September 2017 /ai /retail Disruption in Retail Banking
Ivy Schmerken Editorial Director at FlexTrade Systems
As consumer technologies rapidly evolve, some are speculating that augmented reality could be the next big thing to transform the trader’s work space. Financial services firms are already looking at bringing augmented reality into the trading room to help traders to interact with complex data sets and to collaborate with clients remotely. While vir...
26 September 2017 /ai
Retired Member
Over the years, digital technologies have found their way to many business areas within banking and finance. This is true now more than ever before, with specific technologies like Block-chain, Crypto currency, Robo Advisory etc being sought after by most financial firms. To adapt to the customer’s needs and expectations firms have been provoked
23 September 2017 /ai Trends in Financial Services
The recent OCED (Organisation for Economic Co-operation and Development) “Compendium of Productivity 2017” publication showed global growth, measured by GDP (Gross Domestic Product), should rise from 2.1% in 2016, to 3.5% in 2017, and 3.7% in 2018. Though this is good news, these growth numbers are below those before the financial crises started i...
22 September 2017 /ai /regulation Futuristic Banking
Luke Trigg Co-founder at Logical Construct
The legal industry is ripe for an injection of modern technology and that has not gone unnoticed by myriad start-ups all vying to bring the revolution. Creating better ways of doing things is often the easy part; the culture shift required for adoption is much harder, particularly when dealing with a profession steeped in tradition. The question be...
14 September 2017 /ai /regulation Fintech innovation and startups
Anjani Kumar Principal Consultant - FS Risk & Compliance at Infosys Limited
In an earlier article entitled “The unquenched longing for a transformed KYC-AML solution” I had talked about the key challenges that financial institutions (FIs) have been facing with regards to their current Know Your Customer (KYC) and Anti-Money Laundering (AML) operations. In order to overcome these considerable and lingering challenges, it h...
11 September 2017 /ai /regulation Banking Architecture
Richard Miller Product Owner at RegDefy (MV37)
The position of Data Scientist is rapidly becoming a highly desired role as financial institutions consider how to implement Artificial Intelligence (AI) and Machine Learning (ML) projects within their organisations. Identifying the need for a Data Scientist is the easy part of the process, however, the real difficulty is in finding the right Data...
08 September 2017 /ai
Arpana Sharma Subject Matter Expert at Genpact
Do you feel lost without a mobile device? Research suggests mobile users can't leave their phone alone for six minutes and check it up to 150 times a day. Banks need to adapt to this fundamental shift in customer behaviour. As customer change, organizations are heavily investing in deploying bots to service them. Capital One’s chatbot Eno, Royal Ba...
05 September 2017 /ai /retail Digital Banking Trends
As per the United Nations Office on Drugs and Crime (UNODC) estimate, each year, across the globe, the value of money that is laundered equate to 2 - 5% of the global GDP. In absolute term, this amounts to USD 800 billion – USD 2 trillion. Unsurprisingly then, governments and policy makers across the globe have been concerned with the rampant mena...
05 September 2017 /ai /regulation Banking Architecture
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