Financial inclusion still problematic with AI It’s long been assumed that technology will help the financially underserved access the banking services they need. In this interview with American Banker, our Founder, Christine Duhaime, of the Digital Financial Institute, says this assumption is wrong, and that some tech advances are already starting to have unanticipated adverse ...
The Digital Finance Institute joined other experts to discuss the future of artificial intelligence, machine learning and deep learning in financial services with American Banker, in a series of articles: at this link “Bring on the Bots” at this link “Before AI Runs Amok” at this link “WIll Tech Advances Hurt the Unbanked.” .
Microsoft has released predictions for AI for the next decade written by 17 women in tech who work at Microsoft. The predictions call attention to the issue of inclusion in AI. For example, by 2020 there will be 1.4 million computing jobs in the US but just 400,000 qualified applicants to fill them. Since only 12% of ...
This article was published in American Banker by Christine Duhaime Disruption is from AI, not FinTech It is surprising how much ink is spilled on theories that banking is about to be wiped out by a tsunami called FinTech, resulting in the alleged mass closure of banks and unemployment of financial services professionals. Last time ...
What is the secret of what jobs will survive the world of AI? Some thoughts from AI professor Michio Kaku: Robots are good at pattern recognition but they don’t understand what they are seeing. What this means is that jobs that are non-repetitive where there is variation (construction, gardening, policing) will not be wiped out ...
MIT Technology Review has released a fascinating report on AI in Asia that is worth a read. Banks see AI as destructive According to the Report, the financial services industry in Asia is pessimistic about the future of AI, while all other industries see AI as a positive influence. The financial services sector felt that automation would destroy value. Industries in Asia, except banking, ...
The Office of the President of the US has released its long-anticpated report on AI called “Preparing for the Future of Artificial Intelligence.” Here is our summary of it, sprinkled with our thoughts. Medical AI One of the promises for AI is that it has benefits for society as a whole. The Report notes, for ...
