Behind Wells Fargo’s foray into quantum computing
The bank is testing the emerging technology with IBM in an effort to speed up risk analysis and derivatives pricing. ... Read full article
News Topic: Cognitive computing
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Don’t let AI become a black box
Banks must remain accountable for their use of artificial intelligence by continuing to employ a level of human oversight. ... Read full article
Banks are playing catch-up in the big-data game
There are a number of actions financial institutions should take to improve their application of machine learning and data analytics technologies. ... Read full article
JPMorgan recruits top academic for AI efforts
Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will join the bank in July. ... Read full article
Cost savings from regtech won't come overnight
There’s a lot of hype surrounding up-and-coming regulatory technologies, including the use of AI and robotics, but banks will have to be patient to see big returns on those investments. ... Read full article
USAA invests in cognitive technology company
It also plans to deploy the startup’s technology that analyzes data and offers predictive advice. ... Read full article