Tag: Digital assistants

Bain & Co: Banks are Losing Customers to Fintech and Tech Giants
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Bain & Co: Banks are Losing Customers to Fintech and Tech Giants

Traditional banks are losing customers to nonbank competitors because they still lag the digital experience offered by leading fintechs, established specialist companies and major technology companies. In order to stay in the game, retail banks must improve their digital channels’ interface and functionality, according to research by Bain & Company. […]

Mode deploys selfie biometrics and ID document checking from Onfido for top compliance and user experience
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Mode deploys selfie biometrics and ID document checking from Onfido for top compliance and user experience

Onfido has been selected by Mode, a fintech app that allows users to trade bitcoin, to provide automated identity verification with document analysis and facial biometrics to ensure full compliance with KYC requirements and seamless user experience for European citizens using the service, the company announced. Mode is leveraging Onfido’s […]

Why 67% of companies fear they can’t sustain privacy compliance
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Why 67% of companies fear they can’t sustain privacy compliance

True privacy depends on where and how data travels. Data privacy management and protocol got a facelift with the enactments of the General Data Protection Regulation and the California Consumer Privacy Act. Many companies failed to meet compliance standards in time for GDPR. And for companies that met the deadline, 67% fear […]

Big Tech will push deeper into finance this year
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Big Tech will push deeper into finance this year

Technology giants from Google to Apple are looking to take on the financial services industry. Last year, Apple debuted its credit card; in 2020, Google is set to launch consumer bank accounts. But Big Tech companies share one thing in common: they don’t want to be regulated like banks. Big […]

Former U.S. regulator leads effort to create digital dollar
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Former U.S. regulator leads effort to create digital dollar

The project will explore how a cryptocurrency could produce a more efficient and safer means of cross-border trade, clearance and settlement. The former chair of the Commodity Futures Trading Commission (CFTC) has partnered with Accenture to create the non-profit Digital Dollar Project, which plans to explore the creation of a U.S. […]

The 7 Biggest Technology Trends To Disrupt Banking & Financial Services In 2020
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The 7 Biggest Technology Trends To Disrupt Banking & Financial Services In 2020

Even though banking and financial services have been slower than other industries to adopt the latest technology into their operations, financial organizations are trying to catch up by incorporating artificial intelligence, blockchain, and other technology to benefit their customers, remain competitive and improve business results. Here are the 7 biggest […]

The Bank of Google
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The Bank of Google

In 1994, Bill Gates said: “We need banking, but we don’t need banks anymore.” So why hasn’t Bill Gates opened a bank? Well, because technology giants don’t really want to be banks. Banking has a lot of the audit and compliance overhead, that tech giants don’t need or want. Big […]

The ethical use of data for training machine learning technology
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The ethical use of data for training machine learning technology

Adoption of AI technology is accelerating at a rapid rate. Gartner has forecast that by 2020, AI will be a top-five investment priority for more than 30 % of CIOs. A McKinsey study estimates that tech companies are spending somewhere between $20bn and $30bn on AI, mostly in research and […]

The future is digital. So, how will it change the business world?
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The future is digital. So, how will it change the business world?

We live in a world consumed by smartphones, new technology and intelligence, which is critical to our connected lives, one in which people can talk, search, interact and buy in real time. We’ve come to expect the same frictionless experience we have online and on our phones in the real […]

Is AI the Next Frontier for National Competitive Advantage?
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Is AI the Next Frontier for National Competitive Advantage?

Artificial intelligence (AI) presents limitless opportunity, but not without potential pitfalls and risks. This paradox has become increasingly evident for government leaders. They want to give domestic companies an edge over the competition, but are also expected to protect their citizens and use AI for social good. They want to […]