1. 1-14 of 14
    1. Your banker bot is always on call

      Your banker bot is always on call By August 23 2017, 4:00pm EDT More in Print Reprints Share Share on Some banks customers are already using virtual assistants powered by artificial intelligence to ask questions like “What’s my account balance?” without having to look it up themselves online or on a mobile device. While strides have been made in natural language processing and machine learning, many chatbots still must hand off to a person when the conversation gets too complicated.

      Read Full Article
    2. How TD Ameritrade tackles security in Facebook Messenger chatbot

      How TD Ameritrade tackles security in Facebook Messenger chatbot Published August 22 2017, 12:01am EDT More in Print Reprints Share Share on A common refrain in financial services these days is that companies need to go where customers are, not wait for people to come to a banking app or brokerage website. TD Ameritrade is following that advice with a Facebook Messenger chatbot that will give customers instant updates on their portfolios and trades.

      Read Full Article
    3. Soul searching at big banks as quants clamor for data

      Soul searching at big banks as quants clamor for data Published August 08 2017, 11:10am EDT More in Print Share Share on The insatiable demand for unique market data is putting banks in a tricky situation. Quantitative investors, starved for trading signals that can be spun into gold, are pressuring the finance firms they work with to grant them access to proprietary information. It's easy to see why.

      Read Full Article
    4. Why AI still has a ways to go in wealth management | Information Management

      Why AI still has a ways to go in wealth management By July 16 2017, 10:25pm EDT More in Is artificial intelligence software mature enough for the investment industry? Jeff McMillan, chief analytics and data officer at Morgan Stanley, has some doubts. Wealth managers need to provide accurate, specific advice about clients' portfolios, he pointed out. And artificial intelligence isn’t reliable enough to provide consistent insights right now, he said at the InVest conference in New York last week.

      Read Full Article
    5. What Santander’s latest bets say about the future of fintech

      What Santander’s latest bets say about the future of fintech By July 12 2017, 3:09pm Need more evidence that banks are bullish on AI? Just look to Santander Group’s announcement Wednesday that its venture capital arm has taken stakes in two startups in the artificial intelligence space. “AI is an area where we see significant potential for things like reducing costs and improving efficiency,” Mariano Belinky, managing partner of Santander InnoVentures, said in an interview Wednesday.

      Read Full Article
    6. The burgeoning business of helping people save

      The burgeoning business of helping people save By May 11 2017, 2:38pm EDT More in Print Reprints Share Share on I now know I’ll be able to retire when I’m 87. I know this because I signed up for a new app called Wela that uses account aggregation and artificial intelligence to analyze money coming in and going out of my accounts. It lets me know when my daily spending is out of line, and it tells me how I'm doing relative to my stated financial goals.

      Read Full Article
    7. BankAI

      Print Share Share on BankAI : The next revolution in financial services is one that promises to improve customer service and make it more efficient, reduce fraud, reduce manual processing and allow for more reliable authentication. And yes, take humans’ jobs. Artificial intelligence in its many forms: predictive analytics, machine learning, natural language processing, robotic process automation, chatbots and more, are making news in just about every major U.S. bank.

      Read Full Article
    8. All the ways AI will slash Wall Street jobs

      All the ways AI will slash Wall Street jobs By March 16 2017, 3:23pm EDT More in Anyone who’s visited the New York Stock Exchange lately knows technology has already taken a toll on Wall Street jobs. And the decimation is only going to continue as the artificial intelligence industry booms. By 2025, AI technologies will reduce employees in the capital markets worldwide by 230,000 people, according to a report from Opimas that came out last week.

      Read Full Article
    9. As chatbots take hold, banks have their pick of styles

      As chatbots take hold, banks have their pick of styles 4:28pm There's been a lot of chatter in banking circles lately about chatbots. Of course, as with most things in nascent technology, that chatter is a bit divided on whether chatbots are ready for primetime. Barclays , Societe Generale, USAA , BBVA, and Capital One have begun actively experimenting with them. Bank of America has said it will roll out a chatbot named "erica" this year.

      Read Full Article
      Mentions: India Singapore Apple
    10. Bring on the Bots

      Bring on the Bots

      What Will Banking Look Like in Five Years? Artificial intelligence is moving from science fiction to practical reality fast. AI — technology that teaches machines to learn so they can perform cognitive tasks and interact with people — is suddenly accessible to many companies. Costs associated with the advanced computing and data-storage hardware behind AI are plummeting.

      Read Full Article
    11. Citi Exploring Uses of IBM's Watson Computers

      Print Reprints Email Remember Watson, the lovably brainy IBM computer that competed on Jeopardy! and comically mispronounced words but beat the human contestants at the game? IBM has been trying to sell the technology packed into Watson — a combination of search, natural language processing and business intelligence tools combing millions of scanned documents and web pages — to banks during the year since the Jeopardy! episodes aired. The first
      Read Full Article
    1-14 of 14
  1. Categories

    1. Default:

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