The Bank invested in “bots,” specifically robotic process automation (RPA), to improve the efficiency of its operations and to reduce costs. RPA integrates artificial intelligence and is carried out not by physical robots but by software applications. These applications known as web robots or Internet bots are programmed to process automated tasks,…
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Through Citi Ventures, the Bank has boasted a global network of tech companies that participate in its six Citi Global Innovation Labs, focussing on e-commerce and cybersecurity. CitiBank has made a strategic investment in Feedzai, a leading global data science enterprise that works in real-time to identify and eradicate fraud in all…
Debuted with an intelligent virtual assistant named erica. “Erica” is a chatbot leveraging “predictive analytics and cognitive messaging” to provide financial guidance to the company’s over 45 million customers, and represents a key investment in mobile banking technology. It is designed to be accessible to clients 24/7 and perform “day-to-day transactions”, in…
Well Fargo has leveraged on emerging technologies and establish a new Artificial Intelligence Enterprise Solutions: an AI-driven chatbot through the Facebook Messenger platform with “several hundred employees.”
Created a Contract Intelligence (COiN) platform designed to “analyze legal documents and extract important data points and clauses.” Manual review of 12,000 annual commercial credit agreements, normally requires approximately 360,000 hours, which could be reviewed in seconds.
There isn’t anything truly unique about the launch of a new business. Unless of course that new business is about to change how we do business and changing it for the better. On 2 March 2017, Nixora Group, an IT-driven data intelligence, customer and risk analytics consulting firm, formally introduced itself to…
Participants of the World Chinese Economic Summit gave their views on the increasing amount of Chinese investment in other countries, including Malaysia. Dr Giovanni Butera, Head of Corporate Strategy and Innovation at Nixora Group was asked for his insights as part of this news release coming out of the World Chinese Economic Summit…
Dr Giovanni Butera, Head of Corporate Strategy and Innovation at Nixora has been invited as a guest speaker at the World Chinese Economic Summit (WCES) in Malacca on 16-17 November 2016, to provide his contribution to the debate “Asian Family Business and Corporate Philanthropy. The WCES is the world’s leading annual Summit to…