Banking & Finance


Artificial Intelligence Comes to the Rescue for the Retail Industry

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Exponential progress in artificial intelligence (AI) and machine learning, fuelled by the combination of cloud, big data and new algorithms, is transforming the retail industry. As AI leverages big data to automate, predict and personalize, retail is testing and implementing these applications to garner robust competitive advantages. The key focus for AI in retail is customer relationships. In times of concerns for the retail sector in the UK where sales posted biggest quarterly fall since 2010, the refashioning of this industry comes as a breath of fresh air with many opportunities to come.


Man GLG Taps Ferreira To Lead Machine Learning Efforts

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Man Group's Man GLG unit has named former Florin Court Capital executive William Ferreira as the company's new head of machine learning.


How Capital One transformed into a tech and AI company

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From ATMs and mobile wallets to chatbots and robo-advisors, technology relentlessly transforms how we store, transfer, and manage money. Capital One moves at the forefront of this transformation -- one of the largest and among the first banking institutions in the U.S. to make serious investments in digital technology and artificial intelligence.


A $28 billion hedge fund is pushing into machine learning

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Man GLG, a UK hedge fund overseeing $28.8 billion of assets as of March 31, is embracing machine learning.


How Capital One transformed into a tech and AI company

#artificialintelligence

From ATMs and mobile wallets to chatbots and robo-advisors, technology relentlessly transforms how we store, transfer, and manage money. Capital One moves at the forefront of this transformation -- one of the largest and among the first banking institutions in the U.S. to make serious investments in digital technology and artificial intelligence.


Putting Artificial Intelligence to Profitable Use

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Having lavished millions of dollars on data scientists to search for patterns in a deluge of digital information, banks and financial institutions need to start doing something to make that newfound intel pay.


Closing Time: Learning Lessons From AI - MortgageOrb

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CLOSING TIME: In the classic sci-fi film "2001: A Space Odyssey," two astronauts find their lives in jeopardy when an onboard ship computer thinks it is smarter than the humans that built it and takes over their space mission. A central concept to the story was the danger of artificial intelligence (AI), capable of out-thinking and possibly overtaking its human creators.


Dave wants to save you from expensive overdraft fees

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Meet Dave: an AI dressed up in a bearsuit that's just launched to save you from the evils of expensive overdraft fees. Hand Dave access to your checking account and the app's machine learning algorithms will get busy crunching your spending data so the bear can warn you about pending transactions -- like a monthly subscription for Netflix or your typical Saturday night Uber bill -- which might push you into the red and incur an expensive bank penalty.


IBM's Watson AI to help catch rogue traders

Daily Mail

IBM is set to pilot its Watson technology for tracking down rogue traders at financial firms.


Insurance Customers Need to Get Used to Talking to Machines

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Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you'll just as likely end up dealing with a robot as a human within three years, according to a survey by Accenture Plc.