The Future of Banking: How AI is Transforming the Industry

Today's blog post is a Q&A session with top fintech influencer and founder of Unconventional Ventures, Theodora Lau. Named one of 44 "2017 Innovators to Watch" by Bank Innovation, ranked No. 2 Top FinTech Influencers 2018 by Onalytica, and named to the list of LinkedIn Top Voices 2017 for Economy and Finance, she's a powerful voice in the industry. If you probe into the rapid adoption of artificial intelligence (AI) initiatives in the enterprise, it quickly becomes clear what's behind it: big data. In a 2018 NewVantage Partners survey of Fortune 1000 executives, 76.5 percent cite the greater proliferation and availability of data is making AI possible. As Randy Bean in an MITSloan Management Review article puts it, "For the first time, large corporations report that they have direct access to meaningful volumes and sources of data that can feed AI algorithms to detect patterns and understand behaviors….these