Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Artificial Intelligence and Financial Services
Does WALL-E use Machine Learning for voice recognition? Before becoming a software engineer, our university president spoke before graduating students during my college time. After many years, I stil
The finance industry has long been riddled with criticisms of biased lending. Studies show that minority groups often face discrimination when applying for loans. Usually, this results in higher inter...
2021 was a year marked by the implementation of the rapid digital transformations that began accelerating when the coronavirus pandemic first hit the world in 2020. Fintech firms and other businesses ...
The Federal Reserve Bank of New York has reported that consumer debt reached a record high during the third quarter of 2021, amounting to $15.24 trillion. That's an increase of 1.9%, or $286 billion, ...
The tied-on-points World Championship finale This weekend Verstappen and Hamilton will battle head-to-head for the formula one World Championship. It’s going to be a battle on team strategy, car, and ...
Trade finance supports the movement of goods around the world. It is underpinned by a parallel exchange and review of documents, from letters of credit to bills of lading. While some parts of the supp...
According to The Business Research Company, the financial services market—encompassing everything from insurance and payments to lending and money management—is expected to reach $28.5 trillion by 202...
Some of the technologies that are changing the payments industry. Blockchain: Pending some of the technological and regulatory hurdles blockchain has great potential. Distributed ledger technology al...
It’s been a challenging couple of years for most of us, and banks have come under specific pressures as they adapt to working from home, new and increased security threats and greater pressure to pres...
Artificial intelligence (A.I.) is heavily used in Big Data and when it comes to the analysis of customers’ behaviour. There’s also anti-money laundering (AML) AI; it’s used to fight financial crime an...
Having covered the importance of defining algorithmic fairness in an earlier article, I would now like to discuss the factors that can lead to model unfairness in more detail. Data and Bias Data coll...
How well do you really know your bank’s customers? Have you met them at all? Do you know where and how they shop, what their interests and aspirations are, or their general state of mind and personal ...