Banking & Finance


JPMorgan's CIO Has Championed A Data Platform That Turbocharges AI

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JPMorgan Chase sees artificial intelligence (AI) as critical to its future success. And the mega-bank has a big advantage over many of its smaller rivals: the massive amount of data it gathers from sources such as the 50% of U.S. households with which it has some form of relationship and the $6 trillion worth of payment flows it handles daily. But until recently, identifying and pulling in relevant data to train AI models was taking up around 60% of the time of the bank's growing army of data scientists. That was an inefficient use of an expensive and relatively scarce resource. Now a new data platform the bank has developed, called OmniAI, is helping it to get relevant data into its models much faster.


Artificial Intelligence And Machine Learning Lead Charts: 2020 Tech Trends

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Innovations are driving technology trends. As with every changing year in the calendar new concepts are introduced that helps in providing an enhanced experience to users, market trends are also evolving to implement these changes to serve their customers with better technological support. Therefore, to lead the entire market with cutting-edge technology, it becomes important to know the current and forthcoming trends such as artificial intelligence and machine learning that are capable of taking the entire market by storm. The ever-changing terms of technology are driving the future of businesses. As with the introduction of the internet and smartphones has taken over the entire marketplace and replaced traditional concepts with mobile applications, similarly, upcoming trends will change the market conditions and will open gates for brighter and new opportunities for the next ten to twelve years.


JPMorgan's CIO Has Championed A Data Platform That Turbocharges AI

#artificialintelligence

JPMorgan Chase sees artificial intelligence (AI) as critical to its future success. And the mega-bank has a big advantage over many of its smaller rivals: the massive amount of data it gathers from sources such as the 50% of U.S. households with which it has some form of relationship and the $6 trillion worth of payment flows it handles daily. But until recently, identifying and pulling in relevant data to train AI models was taking up around 60% of the time of the bank's growing army of data scientists. That was an inefficient use of an expensive and relatively scarce resource. Now a new data platform the bank has developed, called OmniAI, is helping it to get relevant data into its models much faster.


Junior Data Scientist ai-jobs.net

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Would you like to be a corner stone for digital transformation? Do you have interest in latest technological innovations like natural language processing, machine learning and AI? Are you ready for dynamic environment and motivating tasks? You'll be working in the Conversion Center Of Excellence in Zurich. We provide Data Extraction services to our partners across whole UBS organization. As a Junior Data Scientist you will work in new, innovative and driven team, using latest tools to drive digital transformation efforts in the biggest bank in Switzerland.


The New-Paradigm: Key Trends in AI-Driven Fintech

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Technology is reshaping the operating-model of financial institutions fundamentally, and the attributes necessary to build a successful business. AI is weakening various components of incumbent financial institutions, thereby creating an opportunity for an entirely new operating-models and category-dynamics focused on the scale and sophistication of product, tech & data much more than the scale or complexity of capital. Unlike past'AI Springs', the science and practice of AI is poised to continue an unprecedented multi-decade run of progress. A clear vision of the future financial landscape is critical for good governance and strategic decisions. AI systems will eventually underwrite credit and insurance across the world.


Automation and artificial intelligence could save banks more than $70 billion by 2025 Markets Insider

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Banks could save billions of dollars by using technology such as automation and artificial intelligence, according to a study released Thursday by Accenture. By using technology to automate jobs or help employees at work, North American banks could save more than $70 billion by 2025, the study showed. Across the entire financial services industry, which includes banking, insurance, and capital markets, savings could be between $87 billion and $140 billion in the same time frame. "Massive social and technology change is creating a range of threats and challenges," for financial services firms, Accenture wrote. But, it also creates "the opportunity to unlock significant value through a new workforce, new ways of working, and new job roles."


6 Big FinTech Trends That Shape the Banking Industry in 2020

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Fintech represents a powerful synergy of these industries and promise to bring out modern banking to a new level. Being in a firm embrace with each other, financial services and technology innovations will provide institutions with new opportunities that expand far beyond traditional banking services. Fintech can considerably improve customer experience, combining new data processing and storage strategies with advanced analytics and new capabilities of cybersecurity. Here we will overview six global trends that will disrupt the banking industry in the upcoming year. In 2019, the buzz around artificial intelligence applications in fintech was huge.


US health insurance firm Cigna is using AI to check if patients are taking their medications

Daily Mail - Science & tech

A US health insurance giant is using an AI system to monitor whether patients with chronic diseases are skipping their medication. Cigna's technology, Health Connect 360, will be rolled out to millions of Americans next month. But experts fear the technology will be used to cancel policies or avoid paying up if patients are found to be missing or incorrectly taking prescriptions. Doctors and nurses will be able to constantly keep an eye on patients' health and step in when they have cause for concern. For example, an alert may be triggered if patients forget to pick up their prescription or miss an appointment.


Cigna Uses AI To Check If Patients Are Taking Their Medications - Slashdot

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An anonymous reader quotes a report from The Wall Street Journal: Cigna plans to expand a system that uses artificial intelligence to identify gaps in treatment of chronic diseases, such as patients skipping their medications, and deliver personalized recommendations for specific patients. The product, called Health Connect 360, integrates data from a combination of sources and analytical tools, some developed at Cigna and others brought in as part of its $54 billion acquisition of pharmacy-benefit manager Express Scripts Holding Co., completed late last year. Express Scripts, which began developing the service two years ago, rolled out portions of it to some customers this year. Health Connect 360 was developed for treatment of chronic diseases, including diabetes and heart disease, as well as for pain management. The system aggregates medical, pharmacy, lab and biometric data -- such as information from glucometers, which measure blood-sugar levels -- into a dashboard that is accessible through an online interface.


AI in Action E59: Marco Braun, Transformation Lead at Akelius

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Welcome to the episode 59 and the penultimate AI in Action podcast of 2019, the show where we break down the hype and explore the impact that Data Science, Machine Learning and Artificial Intelligence are making on our everyday lives. Powered by Alldus International, our goal is to share with you the insights of technologists and data science enthusiasts to showcase the excellent work that is being done within AI in the United States and Europe. Today's guest is Marco Braun, Transformation Lead at Akelius. Akelius provides Better Living by acquiring, upgrading and managing residential properties. Akelius upgrades residential units to a quality level with newly constructed apartments.