Personal banking: meet Alexa, Siri and Cortana incl voice biometrics

Personal banking: meet Alexa, Siri and Cortana incl voice biometrics

Artificial Intelligence (AI) is no longer science fiction. It’s an emerging business technology that is beginning to transform industries, including banking. Oxford Dictionaries defines AI as the “theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages.” Once a futuristic concept, one-tenth of companies in the financial services, manufacturing, retailing, and health and life sciences industries have already begun to utilize AI, according to a report from The Economist Intelligence Unit (EIU). And one in three companies is in the exploratory phase of this ultramodern technology, with an additional third having moved on to experimentation with different applications of AI. Read more>