Banking and Risk - Artificial Intelligence is nothing new

Artificial Intelligence (AI) is a discipline that has been revived. In the 1980s Artificial Intelligence and Expert systems were very fashionable and the British Computer Society had an Expert Systems Specialist Group run by the famous Alexander D'Agapeyeff. Other Scientists with great names doing pioneering work at this time included Robert Kowalski and Edward Feigenbaum. Everyone was talking about the fifth generation and AI was going to save the planet! The management consultancy where I worked at the time was looking for opportunities to use AI in a practical way in banks.