Personal Assistant Systems
Bank of America unveils an AI-powered bot to help customers with their personal finances
Bank of America debuted a virtual assistant bot today at Money2020, a fintech conference being held this week in Las Vegas. Named Erica, the bot uses artificial intelligence and predictive analytics to learn your personal spending habits and offer helpful advice. The bot will be available by voice command or plain text in Bank of America smartphone apps next year, according to CNBC. Erica is designed to be not just a virtual assistant but each customer's "personal advocate," said Bank of America head of digital banking Michelle Moore. It can tell you about your spending habits, notice if you spend more than usual on a certain product or category of products, present opportunities to reduce debt or save money, and alert you if your credit score dips.
'Siri, catch market cheats': Wall Street watchdogs turn to A.I.
Artificial intelligence programs have beaten chess masters and TV quiz show champions. The'machine learning' software it is developing will be able to look beyond those set patterns and understand which situations truly warrant red flags The technology would not necessarily prevent events such as the 2010 'flash crash.' However, it could be quicker to catch manipulative behavior thought to contribute to them. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly. No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards.
The best tips and tricks to get the most out of your Pixel phone
Recently I was having a text conversation with a colleague, who shared a FedEx tracking number with me. I launched the Google Assistant and swiped up on the screen to reveal what it had found, and behold there was a link to track the package. The Google Assistant supercharges what was once known as Google Now on Tap, a feature that never felt as useful as promised. But Google's smarts with this area appear even better, so you ought to try the Assistant out more often to see what it uncovers. Just long-press on the home button (or say "OK Google") and swipe up. If there's something on the screen Google recognizes, it will give you context about it.
The Invisible Bank of the Future
Digital technologies and advanced analytics have the potential to create the Invisible Bank of the future. Powered by artificial intelligence (AI) and activated by voice, virtual banking assistants can become an integral part of our daily lives. Banking today is becoming less and less a place you go, and more something that is hidden from view behind digital banking and commerce apps. Once an account is opened at a bank or credit union, there is less need to stop into a branch, since functions like deposits, borrowing, payments and transfers can be done without personal interaction through online and mobile devices. According to a new report published by KPMG, "Meet Eva โ Your Enlightened Virtual Assistant and the Future Face of the Invisible Bank", technologies like Apple's Siri, Amazon's Alexa or Samsung's Viv will enable an even greater shift in banks and banking by 2030.
Bank of America announces an AI-powered bot to help customers make smarterโฆ
Bank of America announces an AI-powered bot to help customers make smarter decisions Monday at the Money 20/20 conference in Las Vegas, Bank of America's president of retail banking, Thong Nguyen, announced an artificially intelligent bot to help customers make smarter decisions, according to CNBC. Named Erica, the bot uses artificial intelligence and predictive analytics to learn your personal spending habits and offer helpful advice. For example, Erica might send someone a predictive text: "Michelle, I found a great opportunity for you to reduce your debt and save you 300." Erica is designed to not just be a virtual assistant, but each customer's "personal advocate," said Bank of America head of digital banking Michelle Moore. It can tell you about your spending habits, if you spend more than usual on a certain product or category of products, some opportunities to reduce debt or save money, and if your credit score took a dip. Links and videos are also provided to users so they can better understand terms like FICO score.
Need Halloween decorations or camping gear? L.A. startup Joymode wants to be the Uber of that.
Apps have helped people share their homes, cars and technical skills. But stuff -- specifically, the kind that spends most of the year in garages, closets and sheds -- hasn't proved as easy to share. Rather than own stuff you'll seldom use, the start-up offers on-demand rentals. Joymode delivers a package of beach chairs, blankets and sand toys. Want to have a backyard movie night on a whim?
'Siri, catch market cheats': Wall Street watchdogs turn to A.I.
NEW YORK: Artificial intelligence programs have beaten chess masters and TV quiz show champions. Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly. The software could, for instance, scrub chat-room messages to detect dubious bragging or back slapping around the time of a big trade. It could also more quickly unravel complex issues, like "layering," where orders are rapidly sent to exchanges and then canceled to artificially move a stock price.