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Big global banks are now turning their businesses to artificial intelligence technology to stay competitive in this digital era. This technology has major benefits, both for the banks and as well as their customers. Here are the core AI banking features, which can be delivered by Centurysoft. Voice-assisted banking enables customers to use banking services with voice commands apart from a touch screen or press button. The Natural Language Processing technology can process queries to answer the questions, finding information, and connecting the users with various banking services.

Symantec has launched Endpoint Protection 14, a new security solution which harnesses artificial intelligence to protect clients. Announced on Tuesday, the new security offering is powered by AI and machine learning on the endpoint and in the cloud. Symantec says that by harnessing machine learning to collate data and detect patterns and anomalies which may indicate a cyberattack, AI provides "a multi-layered solution able to stop advanced threats and respond at the endpoint regardless of how the attack is launched." Symantec Endpoint Protection combines machine learning, memory exploit mitigation and threat intelligence provided by Symantec and Blue Coat, which combined their research and security operations in October after Symantec completed the acquisition of Blue Coat for $4.6 billion. The company also says that the solution is capable of 99.9 percent efficacy, low false positives and a 70 percent carbon footprint reduction in comparison to past endpoint software.

The University of New South Wales has announced a partnership with outsourcing giant Tata Consultancy Services that will see the pair undertake joint research in areas such as machine learning, virtual reality (VR), robotics, data analytics, and cloud computing. Under the memorandum of understanding, UNSW said the organisations will work together on ideas which stem from pure technology research and give them real-world applications, with the agreement also opening up the prospect of exchanges of scholars and internships for UNSW students at Tata Consultancy's global research facilities. The memorandum was signed by Tata Consultancy's CTO Ananth Krishnan and UNSW's deputy vice-chancellor enterprise professor Brian Boyle at the consultancy firm's Asia-Pacific Summit in Sydney. "There is a lot that UNSW and Tata Consultancy Services can offer each other," Boyle said. "UNSW excels in taking our research breakthroughs and partnering with industry to make a significant global impact. Working with TCS will build on UNSW's strong international links and help accelerate innovation by opening up new opportunities around the world."

An artificial intelligence system has already successfully predicted the outcome of hundreds of cases at the European Court of Human Rights, according to rsearchers from the University College London and the universities of Sheffield and Pennsylvania who developed it. According to reports, the AI "judge" examined data sets for 584 cases, with all cases either relating to torture, degrading treatment and privacy. The algorithm analyzed the English language information for each case and then made a decision – a decision that proved to be 79 percent accurate. The vast majority of applications lodged with ECHR are deemed inadmissible, due to the fact the applications don't meet the court's required criteria. This means that each year the court receives thousands of applications it must read through to determine admissibility.

Artificial intelligence is the next big thing in the world of computing, and it is already there. Google's Pixel smartphones, which come with an inbuilt Google Assistant that can get you anything from the daily dose of news to meditation tips, has already started selling in India. Siri is more intelligent than before; it lets you chat her up to find a good place to eat nearby and even draft an email for you. But the biggest use of artificial intelligence might be in bringing down the bar to access for millions of people who find all the text and foreign languages on smartphones hard to comprehend. That is exactly what companies like Karbonn, who think more mass than niche, are working on.

AI vs. BI: How do you sell artificial intelligence to the business? Could AI Soon Decide Who Gets A Bank Loan? Stay up-to-date on the topics you care about. We'll send you an email alert whenever a news article matches your alert term. It's free, and you can add new alerts at any time.

Could AI Soon Decide Who Gets A Bank Loan? Stay up-to-date on the topics you care about. We'll send you an email alert whenever a news article matches your alert term. It's free, and you can add new alerts at any time.

MIT's Nightmare Machine puts Halloween scares in hands of AI

Evolving technologies and the growing numbers of "always on", "always connected" devices, tools and commodities are giving the instigators of cyber-threats increased opportunities for access and interference. With statistics suggesting that assaults on individuals, corporations, and government bodies account for almost $400 billion in lost revenue annually, and some 90% of companies admitting to having been victim to some kind of attack – figures that translate to 18 individuals per second being affected by cyber-crime – countering these threats is a real and ongoing concern, for enterprises. Security personnel are finding themselves overwhelmed by the multiplicity of attack vectors and tools available to the cyber-criminals, and are increasingly looking to a new ally, in the quest for cyber security: AI.