FinTech

With billions being spent to detect, report and investigate banking transactions that might be connected to illegal activities, many are examining how machine learning and artificial intelligence could reduce costs …

Artificial intelligence and machine learning have taken a significant step forward in usage in Russian banks. Here are ways Russian banks are taking advantage of this new technology: Sberbank has …

IBM has published more than 120 code templates in order to quickly launch projects related to artificial intelligence, blockchain, cloud data and other areas. Each template contains a detailed description …

The ‘Artificial Intelligence in Banking’ digital banking report surveyed banks and credit unions across the global to determine the extent of the development of artificial intelligence functionality in the banking …

As digital banking becomes dominant and customers have little-to-no interaction with bank representatives, artificial intelligence will become more and more important in helping ensure that customers still receive the level …

As financial institutions seek to introduce artificial intelligence solutions, they need to find qualified specialists capable of completing this work. Large financial institutions are creating teams of strong mathematicians and …

As artificial intelligence becomes one of the most popular buzzwords circulating in tech and business circles, one thing is frequently overlooked — the human cost. Although artificial intelligence is expected …

Bank of Scotland, a subsidiary of Lloyds Banking Group, has launched a pilot artificial intelligence project – a virtual agent for 50,000 customers that use the Bank’s iPhone app. The …

Herman Gref, head of Sberbank, outlined five key areas for the use of artificial intelligence while speaking at the ‘Open Innovations’ forum: Customer-interaction bots — as artificial intelligence learns, it …

Vikram Pandit, former head of Citigroup financial corporation, believes that, in the next five years, automation, artificial intelligence and machine learning are expected to significantly reduce the need for human …

Swedish commercial bank Nordea has engaged Estonian startup Feelingstream to develop and test artificial intelligence that is capable of analyzing customer text messages and distributing them to the appropriate sections …

HSBC Bank, one of the largest in the world, has engaged an American artificial intelligence startup, Ayasdi, to develop technology to automate banking investigations into money laundering. Once developed, the …

In today’s world, it is not uncommon for bank employees to engage in money laundering, market manipulation and even terrorist financing. To help financial institutions avoid such incidents, Kyrgyz native …

The usefulness of Big Data and how this type of analytics can be deployed in financial institutions is only starting to be understood in Kazakhstan. Specifically, there are a number …

The Azerbaijani business sector is exploring the use of BotBox Artificial Intelligence. Currently, the artificial intelligence service is being tested in the public sphere by an insurance company and a …

A panel discussion of experts on blockchain technology was held during the American Banker’s Digital Lending and Investing conference. During the discussion, the experts concluded that lenders need to start …

Sberbank and Alfa-Bank have made the first banking payment transaction in Russia using blockchain technology. On November 28, 2017, Megafon transferred RUB 1 million from an account with Alfa-Bank to …

British company Revolut is working to ensure that its customer can buy and store cryptocurrencies in their accounts. The company was initially created to allow customers to easily exchange traditional …

London Blockchain Week 2018 will be held January 19-26, 2018. The event will feature multiple events focused on blockchain, including: Hackathon (January 19-21, 2018) — a challenge that requires participants …

Blockchain, the technology underpinning cryptocurrencies such as bitcoin, was initially treated with skepticism by banks; however, blockchain has become the latest buzzword in the financial sector. Here are the five …