Tag: AI
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AI Transformation in Banking: Interview with Alexandra Mousavizadeh
In a rapidly evolving financial services industry, Alexandra Mousavizadeh, Co-Founder and CEO of Evident, is steering the company to the forefront of Artificial Intelligence (AI) transformation in banking. Evident, a benchmarking and intelligence firm, specialises in authoritative, data-driven insights on corporate AI adoption. It began its focus within the banking sector. The Evident AI Index…
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AI and Machine Learning in Fintech: Transforming Financial Services
The fintech sector is currently undergoing a significant transformation, with artificial intelligence (AI) and machine learning at the forefront of this change. These technologies are transforming how financial services operate, injecting unprecedented levels of efficiency and innovation. Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking…
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Bouncing Back Better: How Fintech Advances Can Help Consumers Navigate the Cost-of-Living Crisis
By Richard McCall, the CEO of Armalytix. In the face of the current cost of living crisis, consumers find themselves grappling with economic challenges unseen since the 2008 financial crisis. One difference from that time is the significant transformation of the personal finance landscape. That is due largely to advancements in financial technology and regulation. A…
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Privacy-friendly AI to detect fraud & more in banking: Interview with Ittai Dayan
Cyber threats and data breaches are becoming increasingly prevalent, particularly in financial services. The banking sector is constantly on the lookout for innovative solutions to protect both institutional assets and customer information. One of the most promising avenues of exploration is the integration of Artificial Intelligence to enhance security measures, specifically in fraud detection. Fintech…
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How AI and Open Banking are Unlocking Lending’s Potential
By Chirag Shah, founder and CEO of Nucleus Commercial Finance and Pulse.io The last 20 years have transformed the face of banking and lending. Previously, the traditional high street bank was where customers did everything from withdrawing and paying in money to applying for a loan or mortgage. You can now do everything at the…
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Why Australian banks must embrace generative-AI
By Richard Scott, Group Vice President Asia Pacific, Informatica Australian banks have had an unsettling year. Global instability in the financial services sector combined with the nation’s cybersecurity and Privacy Act reforms are putting more pressure on banks with regard to how they manage and use data. At the same time, the rise of the…
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Why Retail Banks Need Digital Transformation to Survive
By Jishith Gangadharan from Clayfin. Scaling AI systems across the board has proven to be quite a problem, even if the majority of banking industry AI projects have so far shown promising results. DataQuest reports that 74% of banking executives think new technology will have an impact on their industry. They worry, nevertheless, that incorrect…
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Emotion AI in financial services: Interview with Rana Gujral
With technology taking us so far, it is easy to forget about what makes us humans… Before Skynet takes over. Emotions, feelings, a range of things that are not easily replicable or understandable by machines. Or can they? It is not obvious to associate emotion with artificial intelligence, but maybe it should be. Fintech Review…
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An opportunity to create an ecosystem that will allow EU Fintechs to thrive
Guest post by Antonio Lanotte on the EU’s proposed legal framework on AI: how is it an opportunity to create an ecosystem that will allow European fintechs to thrive? Introduction After more than 18 months of the pandemic, there are two main but connected takeaways from the Covid-19. On the one side, the increased importance…
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How AI and Predictive Analytics Disrupt the Insurance Industry
Guest post by Timothy Partasevitch, Chief Growth Officer at Smart IT.Smart IT is a custom software development and web development company headquartered in Minsk and San Francisco. Customer service in the insurance industry leaves much to be desired. Clients traditionally had to put up with the lack of smooth operations and absence of personalization. That’s…