The events of 2020 have only served to accelerate a number of potentially disruptive trends among consumers when it comes to banking and financial services — What does the emerging future of consumer and retail banking now look like?
Capacity, formerly Jane.ai, originally designed its chatbot to answer consumers' questions, but when employees started using it, that gave the startup an idea for a new business line.
Seventy-eight percent of global banks now use regulatory stress tests to assess concentrations and set limits internally, according to a Deloitte survey to be released Wednesday. That's up from 67% in 2012. Eighty-seven percent of respondents said they use capital stress tests for strategy and business planning, up from 68%.
The forum, which is best known for its annual Davos economic conference, offers insights on what many get wrong about artificial intelligence and how banks should be thinking about using it.
The auditing and consulting firm said Monday that it’s currently informing the clients affected and has notified governmental authorities after it became aware of the incident.