banking & finance


Artificial intelligence in Blockchain, manipulative chatbots to define 2018: FICO study

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The year 2018 will be one of artificial intelligence "operationalisation" as more services integrate AI systems in their core offerings. The age of artificial intelligence (AI) is upon us. Every aspect of life will soon be altered -- and sometimes defined -- by AI. FICO, a Silicon Valley-based data analytics and software firm, has studied the potential impact of AI in 2018. In essence, AI will come to form the core of many sectors and will be "operationalised" by organisations.


Are you ready for the third generation of work? – World Economic Forum – Medium

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There are reasons to be optimistic as we begin 2018. Self-sustaining growth in the global economy and the recovery of international trade have strengthened in the last year. But certain socio-economic fissures continue to grow wider. Concerns about how intelligent technologies might further strain the social contract between people and business must urgently be addressed. As stewards of an inclusive and connected world, business leaders should consider how to harness technology to make an important and lasting difference.


Talking Killer Robots at Davos

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Artificial intelligence already is a top topic at this year's World Economic Forum in Davos, Switzerland. Monday night, amid a driving blizzard that snarled traffic around town, I hosted a small dinner featuring Carnegie Mellon University's Justine Cassell. She is associate dean of technology, strategy, and impact at the university's school of computer science, and an expert on the human role in artificial intelligence. Cassell let loose the best one-liner I've heard that combats Elon Musk's fear that the robots will kill us all. "If you're afraid of the android revolution," she said, "just stand in a puddle.


The promise and pitfalls of artificial intelligence for global development

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This week, as leaders gather in Davos, Switzerland, to discuss how to "create a shared future in a fractured world," many of the conversations will center on the role of humans and robots in a future of automation or augmentation. The teaser for a breakfast conversation that Microsoft is hosting on the promise and pitfalls of artificial intelligence captures the challenges and the opportunity well: "AI offers profound potential benefits and the opportunity to help tackle some of the world's most pressing issues including accelerating economic growth, tackling the urgent issues of environmental sustainability, and transforming healthcare," it reads. "But the accelerating pace of technology-driven change is also creating disruption and anxiety. It risks contributing to a sense of a fractured world, between a small group of people who benefit and a broader group of people who fear that they are being left behind. We need to come together to chart a path forward that ensures AI contributes to building a positive shared future for every community."


Overseas opportunities on offer for businesses in Artificial Intelligence (AI) sector

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UK AI companies selected to participate in these fully funded programmes will have the opportunity to develop partnerships and working relationships with businesses in the regions, visit AI laboratories, meet research partners and academic institutions and pitch to venture capitalists to foster collaborative innovation projects and knowledge exchange. Canadian academia, industry and government are heavily investing in Artificial Intelligence, setting the stage for it to become a research and development powerhouse. Silicon Valley needs little introduction: it is a global leader in technology start-ups and venture capital with significant AI strengths. What are the benefits of participating? UK registered, revenue generating, small and medium-sized enterprises with proprietary technology in the field of AI (any sector or vertical).


The promise and pitfalls of artificial intelligence for global development

#artificialintelligence

This week, as leaders gather in Davos, Switzerland, to discuss how to "create a shared future in a fractured world," many of the conversations will center on the role of humans and robots in a future of automation or augmentation. The teaser for a breakfast conversation that Microsoft is hosting on the promise and pitfalls of artificial intelligence captures the challenges and the opportunity well: "AI offers profound potential benefits and the opportunity to help tackle some of the world's most pressing issues including accelerating economic growth, tackling the urgent issues of environmental sustainability, and transforming healthcare," it reads. "But the accelerating pace of technology-driven change is also creating disruption and anxiety. It risks contributing to a sense of a fractured world, between a small group of people who benefit and a broader group of people who fear that they are being left behind. We need to come together to chart a path forward that ensures AI contributes to building a positive shared future for every community."


Why Artificial Intelligence Is The Future Of Accounting: Report

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By 2020, artificial intelligence will be able to fully automate accounting tasks, as well as other financial tasks like tax, payroll, audits and banking. After decades stuck in research labs, artificial intelligence (AI) is ready for prime-time, transforming if not disrupting all the sectors of the economy that generate lots of data (big data), from tech to finance, communications, energy, healthcare, mobility or manufacturing. More than most other industries, accounting hasn't seen much innovation since the creation of double-entry bookkeeping - a process of recording both profits and losses - and considered one of the greatest advances in the history of business and commerce. That was over 500 years ago! However, the good news is that applying AI and machine learning technologies to bookkeeping, is becoming a reality with most of the major accounting software vendors (Intuit, OneUp, Sage, and Xero) currently offering capabilities to automate data entry, reconciliations and sometimes more.


Will Artificial Intelligence take over jobs?

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Artificial intelligence (AI) can generate X-ray reports at Max Healthcare. This evolving tool -- in beta stage at present -- is being programmed with radiologists' knowhow, by scanning millions of patient records. And though it may not yet be able to read the blur on the film as tuberculosis, in five years, AI could make that interpretation as well. HDFC Bank products such as'loan in 10 seconds' are processed by machines. At travel platform Ixigo, bots handle most queries without people realising.


FedMobile Banking app gets chatbot-based virtual assistant - Times of India

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CHENNAI: Federal Bank & Niki.ai on Saturday announced the launch of a chatbot-based virtual assistant on FedMobile, the bank's mobile banking application. The bank has partnered with Niki.ai for powering the artificially intelligent bot. The chatbot feature offers mobile recharges, hotel room/ bus ticket reservation, household bill payments (electricity, water, DTH, data card, landline, broadband, gas), movie booking, events booking and cab booking. A user who wants to do a mobile recharge will simply have to type on the app "recharge my mobile number for Rs 100." The intelligent chatbot will pick up automatically the mobile number, identify the mobile operator and display the details for the user's confirmation.


Top Real Estate Tech Trends to Watch in 2018

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The real estate industry has changed a lot over the last decade, and new technologies are having a surprising amount of an impact on the way that real estate agents do their jobs. At the same time, comparison sites and other newcomers to the industry are giving consumers more choice when it comes to buying and selling property. All of this means that the industry as a whole is coming to terms with what maturity looks like, while iterative development and brand new technologies are changing the way that real estate agents work on almost a daily basis. And now that we're getting stuck into another new year, it seems as good a time as any to take a look at what's in store. With that in mind, here are just a few of the trends that are set to disrupt the real estate industry in 2018 and beyond.