Global Banks Making AI Major Priority

Artificial intelligence has been a hot term in finance the last few years and now global banks are making it a priority; Capital One is focused on developing ethical AI as they believe AI can include biases from developers or the data used; Sberbank has been running an AI competition for years and recently partnered with 500 Startups to have startups develop and compete to bring about the best AI solution; Bank Hapoalim in Israel has been investing in and partnering with AI based startups, most recently with ThetaRay to detect fraudulent activities; these three examples point to a wider trend that banks are paying attention and making changes to ensure they are prepared for the growing digital world. Source.

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