Ping An Uses Facial Recognition to Assess Risk
Ping An Insurance Group is China’s largest insurer and one of its biggest financial conglomerates; the company has become a leader in facial recognition ...
Bank of America’s AI Assistant Reaches 7 Million Users
Bank of America’s AI powered digital assistant Erica has now reached more than 7 million users with over 50 million requests; David Tyrie, the ...
PayPal Can Save $25mn a Year by Automating Customer Service
PayPal’s CFO John Rainey said 11 percent of the company’s 60 million customer inquires could be automated; the types of transactions they are calling ...
Announcements & Releases for May 10, 2019
U.S. Bank launches app to take pain out of filing expenses Bankers Expect AI To Make Your Financial ...
PIMCO Builds Data Science Product for All Employees
PIMCO’s CTO Dirk Manelski told Business Insider that the asset manager is building a data science platform for all their employees to use; each ...
BlackRock Building a Team of Data Scientists for Innovation
BlackRock founded AI Labs last year to begin researching artificial intelligence for potential product offerings; the team is now comprised of 30 data scientists ...
Morgan Stanley Overhauls Approach to Data
Morgan Stanley knows how important data is to the core of their business and in 2018 they created the data center of excellence to ...
DE Shaw Changing the Hedge Fund Industry Through Data and AI
DE Shaw is a leader in combining quantitative investing with traditional fundamental strategies which has been called quantamental; this has other firms also looking ...
Nationwide Building Society Employs AI Customer Experience
UK based Nationwide Building Society has partnered with analytics firm SAS to more efficiently interact with their 15 million customers; this is part of ...
How Financial Institutions can Limit Bias in AI
In February the President signed an executive order called the American AI Initiative to help the U.S. become a leader in artificial intelligence; the goal ...