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Artificial intelligence: Shaping the future of FinTech

#artificialintelligence

Ben Robinson, chief strategy & marketing officer at banking software firm Temenos, explains how the future of finance will be shaped by artificial technology. Google's DeepMind triumph this year over one of the world's highest ranked champions at Go is a sign: computers with artificial intelligence (AI) are learning how to outperform us. If computers can learn to beat us at a game, why not at things that we can't afford to get wrong – medical diagnostics, risk analysis, legal and investment advice? And what effect over time – say 20 years – will this have on the way a host of services, such as banking, are delivered? "Service will be all about data and algorithms," David Brear, co-founder and CEO at 11:FS recently suggested.


A partial taxonomy of judgment aggregation rules, and their properties

arXiv.org Artificial Intelligence

The literature on judgment aggregation is moving from studying impossibility results regarding aggregation rules towards studying specific judgment aggregation rules. Here we give a structured list of most rules that have been proposed and studied recently in the literature, together with various properties of such rules. We first focus on the majority-preservation property, which generalizes Condorcet-consistency, and identify which of the rules satisfy it. We study the inclusion relationships that hold between the rules. Finally, we consider two forms of unanimity, monotonicity, homogeneity, and reinforcement, and we identify which of the rules satisfy these properties.


South Sudan's vice president responds to report over misuse of aid

PBS NewsHour

Taban Deng Gai, who is now first vice president of South Sudan, speaks to reporters in Ethiopia's capital Addis Ababa on Jan. 8, 2014. In an interview airing on Monday's PBS NewsHour, South Sudan Vice President Taban Deng Gai responded to a report that the country's top leaders were profiting off the five-year conflict by saying it's under investigation, but the report might be false. Human rights group The Sentry this month released the results of a two-year investigation that found South Sudanese politicians were spending international aid on mansions and fancy cars, and giving expensive contracts to family members. "They say that my president, for example, they accuse him of having a house in one of the suburbs of Nairobi city. I don't think a crime for a president -- a sitting president for more than 10 years" to have a house there, Deng told PBS NewsHour Weekend anchor Hari Sreenivasan.


Healthtech, Fintech, and AI dominate Techstars London Demo Day

#artificialintelligence

Healthtech, Fintech and AI dominated Techstars London Demo day today in London. At a packed venue (the famous Royal Institution, no less) the teams demo'd their products in short pitches. Here is a run-down of the teams, with some more details of those that stood out. You can watch a Facebook Live recording of the demos here. Didimo They say: "Didimo creates Virtual Avatars ready to be animated with one photo."




Can fintech and AI solve the ESG data puzzle? Blog Thomson Reuters Financial & Risk

#artificialintelligence

Accessing data for investment decisions on environmental, social and governance (ESG) factors can be challenging. Will artificial intelligence (AI) come to the rescue? Responsible investing covers a multitude of issues and risks -- from regulatory, social and cultural issues through to product liabilities, political risk and intellectual property matters to name just a few. Register now -- ESG webinar 28 Sep 2016: Can FinTech and AI solve the ESG data puzzle? The data generated are often unstructured but still need to be processed in real-time to be effective.


You and A.I. Living with robots TiltMN

#artificialintelligence

Public perception of A.I. and robots has changed often in the last 100 years. A.I. robots have been represented in pop culture as both friendly helpers like Wall-E, and sentient computer killers like HAL 9000. But now that actual homes and automobiles run on smart technology, it's no longer just pop culture. As robots are starting to look an awful lot like humans, science fiction is starting to look a lot less like fiction. If true A.I. (i.e. a machine/robot as smart and with behavior capabilities as skillful and flexible as ours) becomes a reality, is a world where humans have been replaced as dominant species nigh?


Will UPS beat Amazon to drone delivery? Firm spotted testing craft for urgent medical deliveries over Massachusetts

Daily Mail - Science & tech

United Parcel Service (UPS) is newest competitor in the race to unleash the first fleet of delivery drones. The firm began testing the use of drones this week with a focus of bringing packages to remote or difficult-to-access locations. A mock delivery of urgent medical supplies was delivered from Beverly, Massachusetts to Children's Island as a test, which is the first drone delivery to be made by a major delivery firm in the US. United Parcel Service (UPS) is newest competitor in the race to unleash the first fleet of delivery drones. UPS announced today that it has begun testing the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations, working together with drone-maker CyPhy Works.


UPS testing drones to deliver emergency medical supplies

Engadget

Remember when Amazon announced Prime Air drone delivery back in 2013? Following the excited hubbub, other services including UPS scrambled to try out competitive airbone services. But then everyone ran into a slew of logistics and regulations issues, which have taken years to untangle. In the past few months, Google was given FAA approval for drone deliveries and Amazon might bypass regulation entirely for its air shipping. But UPS is going in a different direction: Testing UAVs to ferry emergency medical supplies.