Nordea is to introduce artificial intelligence technology to analyse customer text queries and forward the correspondence to the right department. (more…)
AI / Machine Learning / Big Data
Category
Credit Karma touts $500 million in revenues
by Ryan Lawler for Techcrunch
It turns out that you can make a lot of money by giving stuff away for free. That’s the lesson from Credit Karma, which today is announcing that it’s running its business profitably after earning $500 million in revenues last year. (more…)
SoftBank buys Alphabet’s robotics businesses Boston Dynamics and Schaft
By Reuters,
Japan’s SoftBank Group Corp said on Friday that a unit of the company will buy two firms that build walking robots from Alphabet Inc , which would add to the group’s growing artificial intelligence portfolio. (more…)
What is machine learning debt?
By Matthew Kirk for O’Reilly Blog
We truly live in an exceptional point in history. The ability to ask your TV to queue up the next episode of Game of Thrones, or to have it “learn” what you like to watch, and then suggest new options, is staggering. For years, companies have latched on to the trend of utilizing machine learning algorithms for great effect, whether it’s trading on Wall Street or recognizing cat images. (more…)
Riskopy acquired by Coupa for data aggregation capability
By Coupa
Coupa Software, a leader in cloud-based spend management, today announced that it has acquired substantially all of the assets of Riskopy, Inc. (more…)
How AI is used to infer human emotion
By
Rana el Kaliouby is the co-founder and CEO of Affectiva, an emotion measurement technology company that grew out of MIT’s Media Lab. Rana is giving a talk, The science and applications of the emerging field of artificial emotional intelligence, at the Artificial Intelligence Conference in New York City on June 28, 2017. We recently caught up with Rana to discuss the techniques, possibilities, and challenges around emotion AI today. Our conversation has been edited for clarity. (more…)
Deutsche Bank backs pan-industry online identity platform
Deutsche Bank is teaming up with a host of major firms to set up a platform for online registration, e-identity and data services. (more…)
RBS gives AI a helping hand with ‘hybrid bots’
The Royal Bank of Scotland is rolling out a customer service “hybrid bot” from vendor LivePerson that hands over to a human colleague if questions flummox its artificial intelligence. (more…)
WeChat maker Tencent opens AI lab in US
By Steven Millward for Tech in Asia
Tencent, China’s US$300 billion tech giant and maker of the popular messaging app WeChat, today confirmed it has opened a lab in Seattle devoted to AI tech. The social media and gaming company also confirmed it has poached Dong Yu, a former principal researcher at Microsoft Research, to head its AI lab. (more…)
Quovo Raises $10M In VC Funding To Accelerate Growth
Quovo, a data platform providing insights and connectivity for financial accounts, announced Wednesday (April 26) that it has raised $10 million in Series B funding. (more…)
Wells Fargo to pilot AI-based Messenger bot
Wells Fargo is boarding the chatbot train, launching a pilot of an AI-based customer services agent within Facebook’s Messenger platform. (more…)
Robo Advisor Wealthfront Launches Line of Credit to Make Users More Liquid
By
Robo advisor pioneer Wealthfront must know that opposites attract: in this case, it’s saving and investing. Today, the company launched a securities-based lending option– a line of credit that allows its users borrow against their own savings accounts. (more…)
Lloyds partners Microsoft to pilot facial recognition access to online banking
Lloyds is teaming up with Microsoft to pilot the use of fingerprint and facial recognition technology for online banking logins on Windows 10 devices. (more…)
Robo-advisor startup StashAway gets in-principle approval from MAS to manage investment portfolios
By Yon Heong Tung for e27
It received an in-principle approval for its Capital Market Services License for Retail Fund Management from the Monetary Authority of Singapore
Wells Fargo, Finicity Team To Provide An API-Based Way Of Sharing Customer Information
Wells Fargo & Company announced Wednesday (April 5) that it and Finicity, a provider of real-time financial data aggregation and insights, have signed an agreement that provides an application programming interface (API)–based method for sharing Wells Fargo customer information with the financial apps and services that Finicity supports. (more…)
OCBC Bank Launches First A.I. Powered Home Renovation Loan Specialist Chat Bot
By FIntechnews.sg
With more than 20,000 enquiries logged since its launch in January, OCBC Bank announced today the success of the first-of- its-kind specialised home and renovation loan chatbot service in Singapore. More than 10% of the chat sessions have been converted into mortgage loan sales prospects. (more…)
This fintech startup uses machine learning to give international students credit cards
By Matthew Hughes for The Next Web
America has some of the best universities in the world. Internationally respected institutions like MIT, Harvard and Stanford attract countless young people from every corner of the globe. (more…)
AI and insurance: Exchanging privacy for a cheaper rate
Do you have car insurance? Health insurance? Homeowners insurance?
Deutsche Bourse fintech venture fund targets blockchain and AI
By Finextra
Deutsche Bourse’s new dedicated fintech venture fund, DB1, is hoping to make up to five investments this year, focusing on startups that use technologies such as blockchain and machine learning to rebuild the rails on which financial markets are built. (more…)
Domino’s Gets Its Own Virtual Assistant
By
Amazon and Google aren’t the only ones who own the AI virtual assistant space. Domino’s Pizza Enterprises has just made a move to up their digital ordering game, starting in Australia and New Zealand. (more…)
Digital Disruption in Finance is Here, But Investment Firms Slow to Become Digital Leaders
three aspects of data that will define stewardship for the digital age. (more…)
New Artificial Intelligence Service Plum Enables Consumers to Automatically Save, Invest & Earn More Interest on Money
By LTP Team
- Plum brings artificial intelligence (AI) to savings and investments enabling people to automatically put money aside every couple of days.
- Plum exists to solve UK’s £350bn savings black hole.*
- Its new partnership with RateSetter allows consumers prepared take on risk to earn a higher rate of interest – the average return earned by RateSetter investors to date is 4.7%.
Barcelona’s ID Finance raises $50 million in debt funding to expand fintech to developing countries
By VentureBeat
ID Finance, a fintech startup the relocated from Russia to Barcelona, has raised $50 million in debt from a consortium of banks as it seeks to expand across Latin America. (more…)
Robo-advisor ‘Chloe’ launches in Japan
By Finextra
Hong Kong-based social trading startup 8 Securities has launched a mobile-only robo-adisory service targeting the millennial generation that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE). (more…)
Artificial Intelligence Is Becoming A Major Disruptive Force In Banks’ Finance Departments
By Steve Culp for Forbes
A combination of elements including massive distributed computing power, the decreasing cost of data storage, and the rise of open source frameworks is helping to accelerate the application of artificial intelligence (AI). Our own research indicates that, by 2035, AI could double economic growth rates in 20 countries, and boost labor productivity by up to 40 percent. (more…)
Wells Fargo Pushes Into Artificial Intelligence
By Fortune
Wells Fargo has created a team to develop artificial intelligence-based technology and appointed a lead for its newly combined payments businesses, as part of an ongoing push to strengthen its digital offerings. (more…)
31 FinTech Companies Transforming Institutional Investments and Trading
By Elena Mesropyan for LTP
Institutional investors control a significant amount of financial assets around the world despite attempts from automated investments apps to open up the market to casual, consumer-investors. The rapid adoption of innovative technology by the startup ecosystem allowed an extensive expansion for online investment platforms, automated investment tools, robo-advisors, and various wealth management solutions. As a result, institutional investors have been empowered with tools to enhance portfolio performance, drive deeper insights from the market and portfolio data, and nowadays, are reliant on computer power for accurate forecasting and market monitoring. (more…)
Sberbank launches machine learning-based assistant
By Finextra
Russia’s Sberbank has introduced an online personal assistant that uses machine learning to provide customers with useful advice and recommendations tailored to their individual financial circumstances and lifestyles. (more…)
