A recent World Economic Forum survey1 found that 85% of financial institutions have implemented AI, but some still have concerns about its use. To help financial institutions apply AI responsibly, Oracle has added new AI governance capabilities to its Oracle Financial Services Compliance Studio application. With a new visualization canvas that fosters more inclusive machine
The pandemic cemented the value of digitization and digital channels in the financial services industry—and created new expectations with customers and employees. In talking with our customers every day, financial services organizations have increased focus on how to accelerate their digital agendas to better serve their clients and empower employees, while at the same time
Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has received an order from a leading regional financial institution. Although not disclosed due to confidentiality agreements, the end-user for this 1 ROSA180 unit will be RAD’s first deployment into the financial services industry. “It’s thrilling to open
PNC Bank and Akoya LLC today announced the bank’s integration with the Akoya Data Access Network. More than nine million PNC customers are now enabled to securely share their financial data with fintechs and data aggregators with enhanced security through the application programming interface (API)-based network. “PNC takes very seriously our responsibility to protect the
FinTech is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, FinTechs help companies, business owners, and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms used on computers and, increasingly, smartphones. Read More
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San Francisco headquartered firm Vymo, the sales acceleration platform of choice for top financial institutions across Asia, announced today its commitment in Indonesia with a robust local team and technologies for the financial industry. The firm also announced it has been appointed by AIA Indonesia (PT AIA Financial) to deploy its remote-first sales distribution platform
European fintech startups are growing fast. With solid regulatory frameworks, advanced technology and a dynamic, tight-knit European market, many consider these upstart fintechs well-poised to take on the global financial world. Established in COVID-19-stricken 2020, Payoro is a new European fintech startup. Based out of Gibraltar and Estonia, Payoro aims to develop open banking technology
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