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Top fintech stories this week – 28 July 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Musk disses Zuckerberg over knowledge of AI

Robots

Tesla CEO Elon Musk has given Facebook CEO Mark Zuckerberg a very public b*tch-slap over Twitter, accusing the social media guru of not knowing much about the future of artificial intelligence (AI).

Behavioural black magic

Michael James, Altus

In 1957 the US market researcher James Vicary claimed he could get moviegoers to “drink Coca-Cola” and “eat popcorn” by flashing messages onscreen for such a short time that viewers were unaware they had seen them. The term “subliminal advertising” was coined to describe this unnerving practice and it was subsequently banned in many countries.

Banking Technology July/August 2017 issue out now

Banking Technology July/August 2017

Set sail for fintech! The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Regtech: features that make data work harder and smarter

digital data technology

There is far more to regtech than regulatory technology, or at least there can and should be. Regtech, as it is coming to be understood, must be something qualitatively different from what it’s replacing and not just a faster and better version of the same thing.

Salesforce uses AI to anticipate your sentiments and intentions

artificial intelligence

Salesforce has upped its efforts in the artificial intelligence (AI) world, introducing three new features for developers in its continued quest to “democratise” the technology.

NatWest pilots AI compliance technology with Recordsure

NatWest

UK-based high street bank NatWest is trialling Recordsure’s regtech recording and analysis solution “to improve and monitor the quality of information and advice provided during regulated customer conversations”.

ARM says we are A-OK with AI

AI

New research commissioned by ARM has highlighted that the tide might be turning in the acceptance of artificial intelligence (AI), not only in the industry but in the wider world.

Verizon jumps on the AI-security bandwagon

funding

Verizon’s venture capitalist arm has started throwing its weight around the security arena, pumping cash into artificial intelligence (AI) start-up SparkCognition.

Money20/20 Europe: let AI negotiate

Money20/20 Europe 2017: KAPOW!

Are trends eclectic for artificial intelligence (AI)? Perhaps not as the fintech world is getting more imaginative and calling for the machines to negotiate on behalf of less-than-objective humans. At this morning’s (26 June) sessions at Money20/20 in Copenhagen, the themes of AI use cases in financial services and fraud were discussed.

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