“We must change to become a science-based nation as AI disrupts finance and other services beyond recognition”

“We must change to become a science-based nation as AI disrupts finance and other services beyond recognition”
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 ...

Bots and Banking – Chats with American Banker

Bots and Banking – Chats with American Banker
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.” .  

Michelle Obama: “Get a good education; build a country worthy of your promise”

Michelle Obama: “Get a good education; build a country worthy of your promise”
Michelle Obama’s farewell speech today made me think of AI. In a few short powerful statements as she left The White House on her last day, the First Lady said: “Young people, you matter. You belong. Be focused. Be determined. Empower yourself with a good education. Then, get out there and use that education to build a country worthy of your ...

Sorry, but the world doesn’t need any more useless tech – it needs AI for the disabled, the elderly and to cure cancer

Sorry, but the world doesn’t need any more useless tech – it needs AI for the disabled, the elderly and to cure cancer
The part of artificial intelligence that we find the most promising is applications designed to improve the lives of people who have disabilities. It’s not easy to find #TechForGood that presents a strong business case but disability AI (sometimes called “assistive AI”) is one of those areas. How will we service 1 Billion People with ...

An AI study convinced the world that robo-judges can predict the outcome of litigation – only it was wrong

An AI study convinced the world that robo-judges can predict the outcome of litigation – only it was wrong
Will robo-judges replace human judges?  About a month ago, an incredible story that machine learning could predict the outcome of Court decisions with 79% accuracy made international headlines. The story was newsworthy because of its obvious implications, namely that a $500 computer could, with some coding, replace human judges and produce judgements as accurate as humans. ...

AI is coming to banking for better or worse

AI is coming to banking for better or worse
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 ...

State of AI & FinTech in Asia

State of AI & FinTech in Asia
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, ...