Auto lenders are not yet ready to turn credit decisions over to artificial intelligence and machine learning; Mike Kane, Ally Financial...
Artificial intelligence (AI) solutions are emerging in the wealth management space as a rival for robo advice; AI solutions are providing more sophisticated investment portfolio options than robo advisors using machine learning data optimization capabilities; there are a number of AI solutions supporting investment management that are already being used broadly within wealth management including Watson, Alladin, Kensho and Sqreem; these artificial intelligence systems and others under development have the capability to develop investing portfolios based on a range of technological data inputs while also using machine learning to analyze, interpret and act on information obtained from various sources such as news articles and social media; it's predicted that these AI solutions could evolve into offering more robust portfolio advice directly for retail investors. Source
Mercantile Bank of Michigan has struck a partnership with Abe AI to build a chatbot; MercMoney is an AI based...
Ping An pushes into Indonesia’s fintech space In strategic shift, TIAA to close dozens of mortgage offices Orca launches industry-wide...
American Banker has put together a slideshow describing the various ways AI will change how banking is done; bank executives...
Artificial intelligence company, Flamingo, has listed on the Australian Securities Exchange and partnered with online lender, DirectMoney; the company seeks to help increase the sales conversion rate of online customers through web chat, web forms and artificial intelligence that guides customers through an online purchase. Source
A recent book by McKinsey executives details the way to do digital and AI transformation. They enable and augment an existing strategy
Regional banks like Huntington Bank find themselves stuck in the middle of the innovation wave; they are not big enough...
Canadian based insurance company Manulife launched a digital bank earlier this month and at the heart of that offering is...
Rocket Internet is looking to make an investment push into fintech and artificial intelligence as it looks to deploy $3bn...