Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
One of the challenges for Artificial Intelligence (AI) / Autonomous Solutions (AS) is to mitigate socioeconomic risks and negative impacts. Financial Services have already experienced unintended risks when empowering algorithms to trade without sufficient checks and balances. During the afternoon of May 6, 2010, The Dow Jones Industrial Average ...
25 August 2017 /ai /regulation Futuristic Banking
Retired Member
Of all industries banking has been amongst the slowest to migrate core processing to the cloud. There is no doubt that the few cloud providers that started their businesses purely designed for the cloud have sophisticated, complete and secure offerings so what are some of the reasons for banks to consider using public cloud services? Reduce costs ...
22 August 2017 /ai
The rise of big data, computing power, and advanced analytics enables companies to gain valuable insights from data. Artificial intelligence, machine learning, the Internet of Things, and drones are just a few innovative tools now available to help companies gain a more complete view of their businesses and make better decisions. For risk managers...
18 August 2017 /ai /regulation Financial Risk Management
A recent PWC Study identified the following top sectors at potential high risk for automation: 63% Water, sewage and waste management 56% Transportation 46% Manufacturing 44% Wholesale and retail trade 32% Finance and insurance 32% Public administration and defence 32% Electricity and gas supply However, the study states th...
18 August 2017 /ai Futuristic Banking
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
If you think bots will never replace human agents, you’re amongst the lucky few who has been served by intelligent human agents. I admit that I’ve also been among the lucky few at times. But more often than not, I come across fairly dumb human agents. And, lately, I've started experiencing fairly intelligent chatbots. Let me give you three recent ...
14 August 2017 /ai /retail
The Chatbot Market is being led by the six tech titans: Microsoft, Facebook, Amazon, TenCent, Google and Apple. Some key trend highlights Transparency Market Research estimates that the global chatbot market will grow at 27.8% CAGR, in terms of revenue, over the period between 2016 and 2024. They expect the market to increase from a valuation
11 August 2017 /ai Innovation in Financial Services
David Donovan Executive Vice President at Publicis.Sapient
Looks like a number of movies these days are predicting the doom of the human race and the rise of the machines. Will machines take over the planet? Probably not. Will machines become your new colleagues at work? Maybe. Will Artificial Intelligence (AI) become a core part of your IT systems and digital fabric? Absolutely. During I/O 2017, the rece...
08 August 2017 /ai Innovation in Financial Services
Perhaps it is time to change the way we look at regulations in context to Knowledge Management. The primary benefit of regulations is to protect the interests of individuals, organisations, society and the economy. Let’s start from the perspective that imperfection is the norm and at least 80% of regulations are aligned to generate benefits for ...
05 August 2017 /ai /regulation Fintech innovation and startups
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