artificial intelligence

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artificial intelligence

·Jan. 9, 2017

Advances in Voice Technology a Factor for Artificial Intelligence

Consumers are increasingly relying on voice technology for messaging and also through services like the Amazon Echo Alexa and Apple Siri; in voice technology, innovators are now seeking new ways for systems to more broadly understand context and speak coherently in conversations; however as the technology evolves, privacy and security have become concerns; overall, demand from consumers for voice technology is likely to continue because of the convenience it offers. Source

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News Roundup Fintech USA

·Sep. 1, 2017

AI and Automation for Lending

Source reports on the operational costs associated with loans and how automation and artificial intelligence (AI) can help reduce those costs; automation can now replace manual processes such as credit checks, data consolidation, onboarding, loan documentation, know your customer and more; robotics and AI are also assisting in risk analysis for SMEs; additionally, machine learning solutions have also been evolving to evaluate thousands of data points from various sources; as these solutions evolve, banks too will need to integrate greater automation to stay competitive. Source

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News Roundup Fintech USA

·May. 8, 2018

AI Beginning to Change Banking Job Landscape

With more banks implementing AI solutions the question being asked is will jobs begin to be replaced; recent reports show...

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News Roundup Fintech USA

·Jan. 13, 2017

AI Fintech Startup Kasisto Raises Series A Round

Artificial intelligence startup Kasisto raised a $9.2 million Series A round that was led by Propel Venture Partners; the company intends to use the funds to expand into new markets, grow the engineering and sales teams and develop partnerships with systems integrators to enhance their platform; Kasisto is a fintech startup that lets companies engage and transact with their customers through natural, intelligent conversations via smart bots and virtual assistants. Source

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News Roundup Fintech Europe

·Jan. 27, 2017

AI Firm Cleo Raises 550,000 British Pounds

Artificial intelligence firm Cleo has raised 550,000 British pounds ($626,300) from angel investors; investors included Niklas Zennström, Jason Goodman, Alex Chesterman, Siraj Khaliq, Errol Damelin, Simon Franks, Wendy White and Joe White; Cleo is an AI-powered service working in connection with AI robots like Amazon Alexa to offer consumers personal finance advice; firm plans to use the new capital to further develop its technology and increase its user base of clients which are primarily in the UK. Source

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Fintech News Roundup

·Mar. 31, 2017

AI Acquisitions Since 2012

CB Insights reports on artificial intelligence (AI) startups that have been acquired since 2012; top acquirers include Google, Apple, Facebook and Intel; 200 AI companies have been acquired since 2012 and the first quarter of 2017 reported 34 AI acquisitions including the largest deal from Ford which acquired Argo AI for $1 billion. Source

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Fintech USA Europe

·Jul. 2, 2020

AI Becoming Core Component of Financial Services

According to a 2019 study by Forrester about half of financial services and insurance firms around the world are already...

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Fintech

·May. 2, 2022

AI fintech integration needs to push through restrictions

Artificial Intelligence (AI) is becoming ever more integrated into the financial services sector, but how much further can it continue? Data, computing and social acceptance are some of the many reasons why its growth is being restricted.

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Fintech USA News Roundup

·Feb. 25, 2019

AI Fintechs Grab Big Funding to Provide Technology to Banks

AI technology continues its hot streak in recent years with venture money pouring into the market; American Banker takes a...

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News Roundup Fintech Europe

·Nov. 1, 2017

AI Has Potential to Significantly Enhance Wealth Management

A new report from Numis entitled The State of AI in 2017 explains the potential AI and machine learning for wealth managers; as AltFi reports, “AI enables asset managers to deliver to the mass affluent a degree of personalisation and service quality previously reserved for high net worth clients.”; the technology can also help to improve quality, decrease cost and help to make most of the asset management industry into robo advisors. Source.

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