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How is AI helping to transform the finance industry?

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Despite digital finance being well-established way before the onset of the coronavirus pandemic, like many industries, COVID-19 has accelerated the pace of change within FinTech as the demand for online banking continues to rise. With this change comes the introduction of artificial intelligence (AI) and machine learning (ML) which have been among the key drivers of growth and sustainability for financial companies. Here, AI Magazine looks at three different ways AI can be applied within finance to harness growth and boost productivity. Fraudulent transactions cost economies a significant amount of money every single year and are a significant problem for many financial institutions globally. Not only does fraud financially impact companies but can also be damaging to a FinTech companies' reputation.



Europe Artificial Intelligence In Fintech Market Report 2022: Benefits of Improved … – PR Newswire

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PRNewswire/ — The "Europe Artificial Intelligence In Fintech Market Size, Share & Industry Trends Analysis Report By Component (Solutions and …


How to Design An AI Marketing

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Marketing is crucial for business growth. It's about recognizing client demands, connecting them to products and services, and convincing them to buy. CMOs must understand the available applications, especially AI, to reach marketing's full potential. It shouldn't be a surprise that Artificial Intelligence (AI) is the leader in almost every industry where it is used. The most recent numbers show that AI technology can make businesses up to 40% more productive.


AI and Open Data

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We are excited to announce a new project, AI and Open Data: Open Data Needs for AI and International Development. Governments, researchers, and civil society tackling development problems in the global south continue to face challenges of data access and availability. Cutting edge analytical techniques, like artificial intelligence (AI) and machine learning (ML) are promising to increase the effectiveness of development initiatives, but still require quality data as inputs. Open data is still as important for sustainable development as ever. As a field, AI receives significant optimism for its potential impact on sustainable development, including its potential to improve agricultural practices and productivity through aerial and remote sensing, monitor disease outbreaks, and plan and manage energy grids.




What is the changing nature of RegTech?

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Founded in 1991, India-headquartered HCL Technologies is a global technology company that helps enterprises reimagine their businesses for the digital age. The company specializes in key areas, including digital, IoT, cloud, automation, cybersecurity, and analytics, amongst others. With the company increasingly having a presence in the RegTech space, how does it see the sector changing? How is RegTech changing compliance? According to Daryl Wilkinson – Senior Executive, Strategic Initiatives, Financial Services UK&I at HCL Technologies, "I think you can look at this through two lenses. First, there appears to be a consensus that the global RegTech market is expected to achieve $30bn by 2027 – so that alone is changing the compliance market –new investment is disrupting incumbent models and is changing the way regulators engage with businesses. The second lens is cost; financial services rely heavily on legacy technology – RegTech's nature is to find that niche to solve those problems at a much lower cost than the banks and insurers might otherwise do themselves."


US Federal Circuit: Artificial Intelligence Machine Is Not an Inventor

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The US Court of Appeals for the Federal Circuit affirmed on August 5 that only a natural person--not an artificial intelligence system--can be an inventor. Artificial Intelligence (AI) technology is widely applied as a tool in different technical areas, such as machine learning, image processing, and speech recognition. More complex AI technology can create new products or processes with little or no human help. If an AI system can independently create something new, can it be designated as an inventor? The Federal Circuit finally settled this issue--affirming decisions of the US Patent and Trademark Office (USPTO) and Eastern District of Virginia that an AI system cannot be an inventor.


The World as Seen by AI - Collection

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I asked the artificial intelligence to show me in pictures the answers to some questions, such as "Simple Atom", "Show me what happiness is?", "Where do dreams lead?", "Why do we live in hell?", "You Can't Get Away with Murder", "This is the prediction of the future we deserve" and others. There will be a maximum of 604 unique 1/1 drops, priced from 0.0055 to 0.1. Prices for new drops will always be equal to or higher than the price of the last drop on the primary market.