Tag: Artificial Intelligence
AI-Powered Personal Finance Management: The Next Big Thing?
The rise of artificial intelligence (AI) has touched every aspect of our lives. From how we shop to how we communicate. In recent years, AI has also started revolutionising personal finance management. It is offering users more control over their money through automation, data analysis, and predictive modelling. With financial decisions becoming more complex, AI-powered…
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…
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…
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…
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…
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…
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…
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…
