Global Banks Making AI Major Priority

Artificial intelligence has been a hot term in finance the last few years and now global banks are making it a priority; Capital One is focused on developing ethical AI as they believe AI can include biases from developers or the data used; Sberbank has been running an AI competition for years and recently partnered with 500 Startups to have startups develop and compete to bring about the best AI solution; Bank Hapoalim in Israel has been investing in and partnering with AI based startups, most recently with ThetaRay to detect fraudulent activities; these three examples point to a wider trend that banks are paying attention and making changes to ensure they are prepared for the growing digital world. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.