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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