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 …
Read More »Nordea Bank introduces artificial intelligence
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 …
Read More »Artificial intelligence to help in fight against money laundering
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 …
Read More »Kyrgyz native develops artificial intelligence system for Wall Street
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 …
Read More »Big Data uses in financial institutions
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 …
Read More »Azerbaijani business sector using artificial intelligence
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 …
Read More »Top 10 retail banking innovations in the world
The Efma–Accenture Banking Innovation award program is an initiative program aimed at identifying and awarding the most innovative projects in retail banking at a global level. The program, now in …
Read More »Alfa-Bank’s digital transformation
Alfa-Bank, like many banks in Russia, is undergoing a digital transformation. The bank has divided this transformation into two main areas: customer-related and internal. Digitalization related to customer experiences includes …
Read More »What’s hot and what’s not in the U.S. Fintech
Finovate and the Fintech Cocktail Club joined up to determine what’s trending and what’s not in U.S. Fintech. Regtech was found to be the hottest trend, with artificial intelligence, open …
Read More »Swedish bank Nordea to introduce artificial intelligence
Swedish commercial bank Nordea is introducing artificial intelligence, which will analyze, and classify customer text messages and afterwards, distribute them to appropriate departments. The technology can analyze hundreds of messages …
Read More »OCBC Bank in Singapore introduces artificial intelligence-powered HR mobile app
OCBC Bank has become the first in Singapore to launch a comprehensive human resources mobile application. The system, called ‘HR In Your Pocket’, includes an artificial intelligence-powered chatbot which is …
Read More »Will your job become automated?
What if, in the not-too-distant future, there won’t be enough jobs for people? Some economists believe that, as robots and artificial intelligence become increasingly capable of performing tasks, there will …
Read More »How Sberbank created a personal recommendation “Tips” service
In February 2017, Sberbank launched its new ‘Tips’ service, which won the ‘EFMA Innovation of the Month’ award in March 2017.The new service was created to provide their 20 million …
Read More »The Six Biggest Trends in Fintech Today
The biggest trends in fintech today are centered on improving customer experiences, and the interfaces being designed today aim to enable users to seamlessly and effortless merge the new technologies …
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