● Banking

Now An ‘All-In-One’ Mobile App Having Multilingual Chatbot

City Union Bank launched an ‘all-in-one’ mobile banking application with a multilingual interactive chatbot, wealth management, UPI (Unified Payments Interface), optimised user interface (UI) and e-wallet with enhanced and user-friendly features, besides provisions for all the financial and non-financial transactions. The app will provide a platform for usual transactions like fund transfer, bill payments, opening/closing of deposits, opening/closing of loan on deposits, balance inquiry, statement of account, stop payment of cheque and set card limit. Read More

● Financial Services

Conversational AI Technology for the Financial Services Industry

US based Kasisto has announced groundbreaking advancements with KAI, it's leading digital experience platform for the financial services industry. KAI delivers industry-leading self-service capabilities which are important to today's banking technology and business teams. With advanced tooling, utilities, and APIs, anyone from business users to data scientists and engineers within banks, fintechs, and other financial institutions can access Kasisto's conversational AI technology to easily build new use cases and experiences that meet the changing needs of banking customers. Read More

● Foreign Exchange

AI to Help Curb Risk in Forex

Credit Suisse’s foreign exchange group is using deep learning for minute-to-minute price forecasting, harnessed by a control framework to keep the bank from taking on too much risk. The bank encases AI in a control framework to curb risk and will stick to micro timeframe for now. Read More

● Enterprise Software Services

Now AI in the Field of Process Mining

Munich-based enterprise software company, Celonis, uses AI-driven data and process mining to make companies more efficient. Celonis sits on top of existing enterprise IT systems from companies like SAP, Oracle, and Salesforce. It then analyzes processes and spots ways to improve efficiency and productivity. The service targets finance, supply chain, IT, sales, and customer service operations and is currently being used by companies like Airbus, 3M, Lufthansa, L’Oréal, Siemens, and Uber. Read More

● Healthcare

AI Promises to Revolutionise Dementia Detection

Speech-analysing technology available via a smart phone app could one day be added to the arsenal of dementia screening tools. The technology uses AI and machine learning to analyse features of speech including pitch, intonation and volume, as well as testing memory. The technology uses algorithms to pick up warning signs, such as pauses while searching for a word, mispronunciations, repetition and the use of filler words like “um”. It could potentially replace or be used in conjunction with existing tests to enhance screening for early signs of dementia. Read More

● Healthcare

AI to Determine Whether Immunotherapy is Working

Scientists from the Case Western Reserve University’s Digital Imaging Lab can now determine which lung-cancer patients will benefit from expensive immunotherapy with the use of AI. This is possible by teaching a computer to find previously unseen changes in patterns in CT scans taken when the lung cancer is first diagnosed and compared to scans taken after the first 2-3 cycles of immunotherapy treatment. Read More