Top

Tag: artificial intelligence


Capital and Risk, Operational

Personal Banking Assistant Finn.ai Coming Soon to Central America

November 1, 2017

Via: Bank Innovation

EXCLUSIVE – Personal banking platform, Finn.ai, will launch in Central America by the first quarter for next year, Bank Innovation has learned. “Although we cannot disclose the specific country where the product launch will happen, I can say that it […]


Channels

Bank of America Brings AI to Account Receivables

August 23, 2017

Via: Bank Innovation

Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech startup, High Radius. The “Intelligent Receivables” solution is designed to […]


Activity, Investment Banking

Where top US banks are investing in fintech – CB Insights

August 14, 2017

Via: Banking Technology

Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to CB Insights. The research company says that while investment activity dropped on a quarterly basis in […]


Activity, Investment Banking

SoftBank finally wows with $93bn investment fund

May 23, 2017

Via: Banking Technology

SoftBank has announced its first major close with $93 billion of committed capital, and the promise to hit $100 billion within six months, reports Telecoms.com. While it has been circulating in the news for some time now, it should be […]


Channels

Next Insurance launches chatbot on Facebook Messenger

March 14, 2017

Via: Banking Technology

California-based Next Insurance has unveiled its new insurance chatbot that will enable personal trainers to quote and buy insurance via Facebook Messenger. Next partnered with SmallTalk, a chatbot developer, to become the “first company to provide full service insurance via […]


Channels

Wells Fargo Gets New Focus on Innovation, AI

February 13, 2017

Via: Bank Innovation

What is the best application of AI for financial  institutions? Wells Fargo is set to find out. The bank announced the launch of a new team today, dubbed the Artificial Intelligence Enterprise Solutions group, which will focus its efforts on AI (as […]


Channels

Why 2017 Will Be the Year of Artificial Intelligence in Banking

February 10, 2017

Via: Bank Innovation

Artificial intelligence is coming to banking — scratch that, it’s already here, but customers may not have noticed. AI is already playing a role in consumers’ lives, whether they know it or not. Talking to Siri, looking at recommendations from […]


Uncategorized

Move Over, Blockchain—It’s AI’s Time to Shine

December 15, 2016

Via: Bank Innovation

A hedge fund that gives away all of its data to people it doesn’t know and still stays private. A virtual lab for smarter business solutions. Smart sales conducted from a smartphone with its own virtual assistant—these are all artificial […]


Channels

Bots Are Everywhere, But Are They Ready for Banking?

September 13, 2016

Via: Bank Innovation

The latest technology to entice bankers is the chatbot — that talky little application that can tell you how much you spent at Starbucks or guide you through your account setup. But a report from Forrester’s Peter Wannemacher, released last […]