Tag : AI ML insights
AI and Finances: A Winning Combination
According to history, it was a salesman by the name of Loren Dunton who introduced the world to the concept of a personal financial planner in the 1960s. Dunton was inspired by the realization that people in the US had become dependent on Social Security because they lacked personalized financial......
Intelligent Automation: The Banking Sector’s $2BILLION Untapped Resource
Automation technology could add $2 billion in annual value to the global banking sector through revenue increases, cost reductions and unrealized opportunities. Yet the benefits of automation remain largely untapped. This is because of the significant challenges of integrating automation, which hamper digital transformation efforts, including lack of a clear implementation strategy, insufficient executive support and severely limited use of automation within corporate......
Why We Are at a Tipping Point for Data Integrity Within Financial Services
The Covid-19 pandemic was the start of a massive shift in thinking for all financial services organizations. With digitization becoming a necessity rather than a luxury, many firms had to re-evaluate their current processes and adopt new ways of working practically overnight. And while this fast approach to digitization was......
How Can Finance Companies Improve their Operations using AI ML?
Artificial Intelligence (AI) for FP&A – What’s Holding Finance Back? As the promise of Artificial Intelligence (AI) within corporate performance management (CPM) moves from fiction to fact, many FP&A teams are asking the same basic question: What does AI and Machine Learning (ML) mean for me? Global Fintech Interview with......
The Case for the Adoption of Blockchain by Legacy Banks
As with many other industries, COVID-19 has exposed the need for a digital transformation in the legacy banking industry. Customers are demanding convenience and streamlined customer service that are not encumbered by the government-regulated constraints of legacy banks. Several fintech categories such as Peer-to-Peer (P2P) transaction platforms and neobanks have......
Blockchain and AI, A Perfect Match
The first blockchain appeared in 2008 as a new type of distributed database or ledger technology, which stores and manages files of information into groups of data called blocks, linked together to form a chain. As well as the data itself, each block contains an immutable record of exactly when......
Trading Robots – How Effective Are They?
Traders looking to utilize trading robots in their trades must ensure they do their homework and only choose those with a validated track record. Emotional attachment, more commonly referred to as emotional trading, is one of the most detrimental contributors to an online trader’s profitability and overall market success. Emotions......
FDITECH’s Tech Sprint will Showcase New Capabilities to Tackle Ransomware on the US Soil
Last week, FDIC’s fintech research and innovation lab, FDITECH announced its tech sprint evaluating the most pertinent challenges and dangers associated with the current fintech environment. As part of FDITECH’s tech sprint, FDIC intends to invite participants from the fintech industry who can identify and mitigate complex issues in the......