Artificial Intelligence and the Future of Autonomous 'Hands-Free' Banking

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They may have no choice, if they wish to survive. Consumers, accustomed to experiences with Amazon, Netflix, and Starbucks, demand rapid fulfillment of requests, personalized solutions, and constant attention from their financial providers. With the wealth of data possessed by banks and credit unions, consumers not surprisingly expect providers to know them, value them, and reward them for their relationships. Given the rise of digital and challenger banks, traditional banks and credit unions must find new ways to maintain their share-of-wallet and customer trust. Technologies that integrate artificial intelligence and big data analytics provide financial institutions with unprecedented visibility into their customers' financial dynamics, enabling the kind of personalized service which they crave.


Connected car security outfit Upstream Security snags $9m in funding

ZDNet

Upstream Security has secured $9 million in a Series A funding round and plans to use the investment to expand further in the US and Europe. On Wednesday, the company said in a statement that the funding round, led by Charles River Ventures (CRV), includes cash injections from Israeli-based Glilot Capital Partners and Maniv Mobility. The funding builds on a successful seed funding round in June which secured $2 million. Israel-based Upstream Security offers cloud-based security solutions for connected cars to automakers which need to outsource the security aspect of such technologies. The firm uses Big Data, analytics, and machine learning to provide non-intrusive defense against cyberattacks and to detect anomalies which may be malicious behavior.


Global Big Data Conference

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As a young child, I used to imagine what life would be like if I had a chauffeur to drive me wherever and whenever I wanted. Of course, this was a luxury afforded by only the wealthy and remained well out of reach for most people -- myself included. Fast forward to today, and the rise of the ride-sharing economy has essentially leveled the playing field, giving everyone affordable access to on-demand transportation. Access to artificial intelligence (AI) is poised to undergo a similar shift. Traditionally, large corporations and government entities have been ahead of the adoption curve because they've had the capital to invest in and the talent to leverage the technology.


Global Big Data Conference

#artificialintelligence

As a young child, I used to imagine what life would be like if I had a chauffeur to drive me wherever and whenever I wanted. Of course, this was a luxury afforded by only the wealthy and remained well out of reach for most people -- myself included. Fast forward to today, and the rise of the ride-sharing economy has essentially leveled the playing field, giving everyone affordable access to on-demand transportation. Access to artificial intelligence (AI) is poised to undergo a similar shift. Traditionally, large corporations and government entities have been ahead of the adoption curve because they've had the capital to invest in and the talent to leverage the technology.


Big Data Applications in the Real World: Finance, Healthcare and More

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That's a lot of information, and approximately 90% of the world's data has been generated in the past 2 years! This shows no signs of slowing down as companies such as Facebook pursue their mission of "connecting the world" and user adoption increases for such services. We can be certain the amount of user generated content is only set to increase. This will continue to affect industry and society. In this article, we'll explore the effects Big Data is having in the real world.