Lessons learnt by fintech firm Kabbage on their AI&ML journey

Kathryn Petralia, Co-Founder & President, Kabbage, gives her View From Sibos on the power and possibilities AI&ML can offer institutions. We learn about her own experiences building and implementing a machine learning solution to benefit small businesses that qualified for the Paycheck Protection Program, a loan offered by the Small Business Administration in the US during the pandemic, and the in…

AI Applications in Financial Services and FinTech Today

Only days ago, a Forbes’ article by Louis Columbus made a bold statement about artificial intelligence, citing a detail Deloitte study:

Why AI is the Future of Financial Services

The summary is pretty clear regarding leading edge financial firms today:

Leaders are achieving ~20% revenue growth attributable to their AI initiatives.
49% have comprehensive strategies in place for AI adoption.
60% are driving more revenues from AI
47%, are improving customer experience.
70% of all financial services firms are using AI and ML in production today.
45% are investing over $5M in AI initiatives today, 3 times the level of starters or late adopters.

Beyond high level thinking, detailed on-the-ground tools and techniques are applied to make sure AI in financial services can and will work for you.

In this webinar, Mark Kerzner, a leading subject matter expert and instructor on artificial intelligence, review the many avenues you have for applying AI and ML in financial services and fintech today. Among many other things, Mark is leads one of our Data Science & Machine Learning Developer – Certification Program, which we regularly conduct for global companies and financial institutions.

Lessons learnt by fintech firm Kabbage on their AI&ML journey

Kathryn Petralia, Co-Founder & President, Kabbage, gives her View From Sibos on the power and possibilities AI &ML can offer institutions. We learn about her own experiences building and implementing a machine learning solution to benefit small businesses that qualified for the Paycheck Protection Program, a loan offered by the Small Business Administration in the US during the pandemic, and the incentive this provided small businesses to keep their workers on the payroll.

For all your fintech-related news, please visit https://www.finextra.com.

Benefits of Studying Financial Technology (FinTech)

Dr. Mahdi Mousavi explains why you should study MSc Financial Technology (FinTech) at the University of Bradford.

For more information on the course, visit: https://www.bradford.ac.uk/courses/pg/financial-technology/

Banks vs Fintech firms: Rivals or partners? | DW English

Banks have been caught napping while fintech firms revolutionize the financial sector. Customers can open an account, apply for loans and make payments via their smartphone. Now banks are turning to the newcomers for help.
For more on this topic, go to: http://www.dw.com/en/fintech-regulation-on-g20-agenda/a-37291132