May 26, 2017 / by Dan / news / TAGS: AI, banking, trading, ML, regtech

IBM Watson to catch rogue traders

The power of IBM Watson’s analytical tools is now going to be harnessed within the financial sector to catch rogue traders in action. Despite happening six years ago, the analytical artificial intelligence (AI) system IBM Watson is still best known for taking on humans in the American game show, Jeopardy! Since then, however, IBM has utilised Watson in various sectors, most notably within hea...

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May 11, 2017 / by Dan / news / TAGS: AI, banking, ML, regtech

Customers trust AI for surgery not savings

Andy Maguire faces a challenge: tasked with upgrading HSBC Holdings Plc’s digital-banking systems, he has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account. “I do find it slightly odd,” said the chief operating officer of Europe’s largest bank, referring to its survey of more than 12,000 consumers in 11 countries published Wedne...

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May 02, 2017 / by Dan / news / TAGS: AI, banking, ML, traffic

Experian make practical use of machine learning

Credit reference agency Experian hold around 3.6 petabytes of data from people all over the world. This makes them an authority for banks and other financial institutions who want to know whether we represent a good investment, when we come to them asking for money. Like all financial services, they are being rapidly changed by waves of technological innovation sweeping through industry – none...

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March 28, 2017 / by Dan / news / TAGS: AI, banking, ML, traffic

AI Beats worlds worst traffic

The height of individual vs. collective irrationality has to be automobile traffic. We build roadways around the assumption that we as individual human actors will behave in ways that appear to reward those behaviors at the level of individuals but wind up harming the collective's goal of moving many cars through a limited amount of space as quickly as possible. Witness how a single greedy merg...

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March 12, 2017 / by Dan / news / TAGS: AI, banking, ML

Big banks will be the first to fall to AI

Wall Street will be one of the first and largest industries to be automated by artificial intelligence, predicts Kai-Fu Lee, China’s most famous venture capitalist and former Microsoft and Google executive. Lenders, money managers, and analysts—any jobs that involve crunching numbers to estimate a return—are at risk. “Banks have the curse of the baggage they have, like Kodak letting go of film...

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March 12, 2015 / by Dan / news / TAGS: AI, banking, ML

AI Hunting Ebola

In April 2014, just after world health officials identified a series of suspicious deaths in Guinea as an outbreak of Ebola, 10 ecologists, 4 veterinarians, and an anthropologist traveled to a Guinean village named Meliandou. Theirs was a detective mission to determine how this outbreak began. How had “patient zero,” a 2-year-old boy named Emile, contracted the Ebola virus? Because we believe ...

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