The Five Fundamental Building Blocks for Artificial Intelligence in Banking

To find success with artificial intelligence, banks and credit unions will need to cultivate new capabilities -- from machine learning to natural language processing. Computer scientist and celebrated futurist Ray Kurzweil says artificial intelligence will match human intelligence by 2029, and that by 2045, it will have multiplied the human biological machine intelligence of our civilization a billion times. Predictions like this abound amid the hype surrounding AI. Real understanding however, is less common. Many enterprises are unclear about what constitutes AI, where it can be applied, and how to prioritize its use cases within the organization.