On a surface level, community banking and artificial intelligence (AI) can seem like something of a mismatch in concept. Community banking is all about relationship-lending — forging personal and lasting connections directly with a consumer, while AI — particularly embodied by chatbots and voice assistants...
In the land of startups, and valuations of startups, it’s all about the Benjamins. And the bots. And the Benjamins that can be made from bots… The much-storied tales about tech unicorns, those young firms that have logged valuations of at least $1 billion, got...
Across the U.S., there are 5,757 credit unions with 103.992 million members – and it’s been reported by the Credit Union National Association (CUNA) that roughly 45.4 percent of the nation’s financially active adult population receives some financial services from a credit union. There’s a reason for that, Fotios Konstantinidis, SVP of...
Who says you can’t be pretty and smart at the same time? More and more beauty brands are turning to digital tools like artificial intelligence (AI) and augmented reality (AR) to smarten up the customer experience, both in-store and online. French beauty brand L’Occitane en...
Pepper, a robot developed by SoftBank and robotics firm Aldebaran, is entering the retail banking market with the robot’s debut at HSBC’s main bank branch in New York City. According to a report in Digital Trends, Pepper, which is a 120-centimeter tall robot that can...
Royal Bank of Canada (RBC) is gearing up to spend $3.2 billion on technology with a focus on artificial intelligence, digital products and social media. According to a report in BNN Bloomberg, RBC said it will invest in the technology with a goal of attracting...
Samsung NEXT has announced the launch of Samsung NEXT Q Fund to fund startups involved in artificial intelligence (AI). Q Fund will provide Seed and Series A financing to startups solving AI problems, as well as those using AI to solve computer science problems. Vincent Tang,...
Bank of America announced Tuesday (June 12) that Erica, its AI voice-activated virtual financial assistant that is available through its mobile banking app, has surpassed one million users. In a press release, Bank of America said the milestone was achieved within two months of completing...
Since the dawn of the age of computers, human beings have wondered what will happen when the machines eventually learn how to “think” like humans do. The consensus among science fiction writers is “nothing good.” Whether they rise and destroy humanity outright, or insert our consciousness into a giant...
