1. GlobalData : Retail banks will increasingly use AI to help determine credit scores

    Artificial intelligence (AI) is anticipated to make a significant impact on the retail banking sector, such as using non-traditional data types to assign credit scores to potential borrowers, according to research and consulting firm GlobalData . Technologies such as machine learning, predictive analytics and natural language processing are already making their mark in banking, with both front-office and back-office operations set to be transformed.

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      Discourse, Entailment, Machine Translation, NER, Parsing, Segmentation, Semantic, Sentiment, Summarization, WSD
  2. Quotes

    1. Consumers, especially younger ones, can lack confidence around financial matters and find it hard to manage their finances effectively. There is therefore a potentially large market for AI-based services that offer a guiding hand or can assume some of the responsibility for making appropriate decisions.
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