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FinAi Podcast
FinAi Podcast episodes
- OakNorth CIO shares automation trends in commercial lending
Commercial banks have been automating aspects of the lending and decisioning process, primarily at the lower end of commercial lending spectrum, but hesitate to automate for loans more than $1 million.
16 min - Automating data management at banks, growing use cases for AIIn this week’s edition of “The Buzz,” Bank Automation News explores data automation and to the extent the to which software can manage data points.One challenge faced by banks in data management is how how to conveniently pull data from multiple sources and pool it so that it can be more effective processing.15 min
- Chatbots evolve to be more efficient, helpful to employeesIBM sees chatbots handling 80% of calls: Chatbots are evolving to be more useful for customers and employees. “You are going to start to progressively see chatbots being able to assist, even on things that are a little bit more complicated,” says Likhit Wagle, IBM’s general manager for global banking and financial markets, in this podcast.18 min
- Weekly Wrap: Bank automation lags and payments fraud picks up
This week, Bank Automation News explored why banks lag behind other industries when it comes to automation, and also discussed rising losses due to digital payments fraud.
19 min - Listen: Explainable artificial intelligence could be game changer for banks
One of the challenges with AI in financial services is explaining AI’s “black box,” which refers to the fact even developers are unable to provide visibility into an algorithm trained with machine learning (ML). This is one reason AI can include bias and run afoul of regulators.
Explainable AI could change that, said Stuart Tarmy, global director of financial services industry solutions at Aerospike. Aerospike offers a NoSQL, or non-tabular, non-relational database that powers real-time networks such as PayPal, Visa and Schwab.
19 min - How open-banking, RPA and low-code tools will drive automation going forwardBank Automation News this week looked at the maturation of digitization and automation trends while also exploring how low-code tools might be leveraged by financial institutions going forward. While robotic process automation (RPA) is having a moment in the sun, as seen by RPA vendor UiPath’s debut on public bourses this week, low-code tools and open-banking continue to gain traction.18 min
- Bot attacks on rise in US
In this podcast, LexisNexis Risk Solutions VP shares how banks can fight emerging cyber threats
Automated bot cyberattacks are on the rise, while human-initiated attacks are down.
Bot attacks increased by about 100 million last year, Kimberly Sutherland, vice president of fraud and identity strategy for data analytics company LexisNexis Risk Solutions, tells Bank Automation News in this episode of The Buzz. Human-initiated attacks, by comparison, were down by about 200 million, she said.
18 min - Weekly Wrap: Bank, vendor opinions on AI regulations, Envestnet's acquisition
This week, Bank Automation News drilled down on filings with the Office of the Comptroller of the Currency, examining what banks and vendors have said about the potential for new regulations on artificial intelligence and other advanced technologies. Both banks and vendors agreed that more clarification on regulations is necessary to adoption, particularly for small banks that might be looking to leverage third-party providers.
In other news, the BAN team highlighted Envestnet’s acquisition of automated savings tool Harvest Savings & Wealth Management and explored the industry trend to give customers more personalized financial advice.
Find this and more in today’s episode of the Weekly Wrap, featuring Publisher JJ Hornblass and Associate Editors Jaspreet Kalra and Loraine Lawson.
18 min - Temenos President Jacqueline White shares lessons learned from digital banks
Temenos President Jacqueline White shares lessons learned from digital banks
Legacy systems are holding banks back, but AI can help
Consumers are looking for a frictionless customer service experience, but legacy systems may be getting in the way.13 min - Weekly Wrap: Automation in bite-sizes at Wells Fargo and Ally
Automating end-to-end process can be a big bite to chew off. This week, Bank Automation News explored best practice conversations with leaders at Wells Fargo and Ally, who think of automation in smaller pieces — individual building blocks, like Legos, that when put together can create something larger and more significant.
14 min
About FinAi Podcast
From the publisher's feed
The FinAi podcast, which covers current trends and intriguing topics in automation and beyond, is the definitive source for insights and news surrounding automation in financial services.