Vantage replaces the bank's two-decade-old Commercial Electronic Office Portal and aims to bring a "consumer-like experience" to Wells' commercial and corporate clients, an executive said. Wells Fargo on Monday announced the launch of a new commercial banking platform -- a revamp the San Francisco-based bank says leverages artificial intelligence and machine learning to help clients personalize their accounts. The platform, called Vantage, replaces the bank's Commercial Electronic Office Portal, or CEO Portal, which it launched over two decades ago to serve its commercial banking and corporate and investment banking clients. Vantage is designed to meet the evolving needs of corporate and commercial clients, said Reetika Grewal, head of digital for Wells Fargo commercial banking and corporate and investment banking. The bank is in the process of migrating CEO Portal users to Vantage accounts, Grewal added.

Artificial Intelligence is expected to permanently change the banking industry in profound ways during the coming months and years. Companies want to seek a competitive edge by implementing more technology to achieve improvements in speed, cost, accuracy and efficiency. The key for global corporate enterprise is to benefit from the collective intelligence presented by RPA and cognitive technologies along with human workers. Only by having technology combine with human talent can global corporate enterprise achieve scalable intelligent automation. And only with scalable intelligent automation enterprise resiliency be realized.

Many banking institutions have invested in artificial intelligence for better insights and improved business decisions. AI has primarily been used as an extension of traditional analytics to work through thousands of data points and to determine which customers are most likely to respond to a particular offer or to surface patterns and trends within those segments. In this way AI's most common use has been to drive cross-selling and to identify customers who may leave. But AI has significantly more potential. Banks are finding that just because a set of customers are in the same segment does not mean they act the same way or have similar preferences.

Last week, our trending stock lists collected a motley crew of companies ranging from biotech to regular tech to home entertainment tech. In general, there was just a lot of tech. For the week of May 16, many of those same stocks hit our trending roundup again – for good reason. From a 49 million square foot downgrade to a pilot program intended to put credit cards in the hands of the credit-less, here's an inside look at what's making the market pop. Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs.

The biggest achievement in my career was to automate most of the data cleaning / data massaging / outlier detection and exploratory analysis, allowing me to focus on tasks that truly justified my salary. I had to write of few re-usable scripts to take care of that, but it was well worth the effort. Be friend with the IT department. In one company, much of my job consisted in producing and blending various reports for decision makers. I got it all automated (which required direct access via Perl code to sensitive databases) and I even told my boss about it.

In the last few months, millions of dollars have been stolen from unemployment systems during this time of immense pressure due to coronavirus-related claims. A skilled ring of international fraudsters has been submitting false unemployment claims for individuals that still have steady work. The attackers use previously acquired Personally Identifiable Information (PII) such as social security numbers, addresses, names, phone numbers, and banking account information to trick public officials into accepting the claims. Payouts to these employed people are then redirected to money laundering accomplices who pass the money around to veil the illicit nature of the cash before depositing it into their own accounts. The acquisition of the PII that enabled these attacks, and the pattern of money laundering that financial institutions failed to detect highlight the importance of renewed security.

In the last few months, millions of dollars have been stolen from unemployment systems during this time of immense pressure due to coronavirus-related claims. A skilled ring of international fraudsters has been submitting false unemployment claims for individuals that still have steady work. The attackers use previously acquired Personally Identifiable Information (PII) such as social security numbers, addresses, names, phone numbers, and banking account information to trick public officials into accepting the claims. Payouts to these employed people are then redirected to money laundering accomplices who pass the money around to veil the illicit nature of the cash before depositing it into their own accounts. The acquisition of the PII that enabled these attacks, and the pattern of money laundering that financial institutions failed to detect highlight the importance of renewed security.

Niccolo Mejia covers AI applications across industries at Emerj. He holds a bachelor's degree in Writing, Literature, and Publishing from Emerson College. Wells Fargo has begun a number of AI initiatives, some they've created in-house and some they've created with help from vendors. We begin our exploration of Wells Fargo's AI initiatives with its collaboration with Kasisto for a customer service chatbot. According to Deloitte, AI is a technology that will change how financial markets are structured and regulated.

At IBM we're committed to an exploratory science agenda, working with companies to advance innovation research and learning within their ecosystem. Today, IBM is embarking on a multi-year, collaborative effort with Wells Fargo focused on research and learning that is intended to enhance the company's artificial intelligence and quantum computing capabilities. Together with IBM, Wells Fargo plans to accelerate its learnings to inform innovation initiatives that reimagine the future of financial services in a way that is designed to deliver customer experiences that are simple, fast, safe and convenient. As part of the agreement, Wells Fargo will join the IBM Q Network, a community of Fortune 500 companies, startups, academic institutions and research labs working to advance quantum computing and explore practical applications. IBM will provide Wells Fargo access to the world's largest fleet of quantum computing systems for commercial use case exploration and fundamental research at the IBM Quantum Computation Center.

Water can flow, or it can crash. It becomes the form of whatever container you put it in. This famous idea from actor and philosopher Bruce Lee is a part of the mission behind H2O.ai (H2O). At H2O World New York on October 22nd, H2O.ai celebrated its vision to make every company an AI company with its growing community of makers and builders. H2O.ai has developed enterprise AI and machine learning platforms to give companies the ability to easily access and leverage data throughout their organizations.