SILICON VALLEY INNOVATION CENTER
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Customer service chatbots, algorithmic trading and automated fraud detection; these are just a few of the many use cases of machine learning and artificial intelligence in banking and finance today. How do financial institutes evolve to embrace new technologies?
We tackle this question and much more in an interview with Ed Fernandez, a board director and advisor and an expert in artificial intelligence and machine learning. Ed will discuss where artificial intelligence and machine learning are already taking root in banking and finance and share use cases of the technologies will make the biggest impact in future.
Watch our Facebook Live interview here at 10 am PDT / 6pm GMT on February 23. No registration required.
The tools financial institutions and ecommerce providers traditionally use to validate consumers’ identities have become antiquated and data sources once considered the ‘gold standard’ for identity verification have been compromised. Today, when consumers are mobile-first, have thin or non-existent credit histories, and want frictionless transactions, a new approach to identity verification is needed.Without it, the 5 billion people around the world who make cash purchases risk exclusion from the modern economy.
The good news is that a fresh, digital approach to identity is here. With the help of machine learning, we can now use the vast amount of data consumers generate in their online lives to verify their real-world identities. How does this technology work and what does it mean for businesses trying to onboard more good customers and root out fraudsters?
Join us for this SVIC interview for answers to these questions and more as we talk to Johnny Ayers, Co-founder and SVP at Socure.
The third day of SVIC’s Navigating Fintech Disruption program is dedicated to two themes which are today at the top of every financial institution’s agenda:
This is the second in a series of articles which take an in-depth look at the content of SVIC’s Navigating Fintech Disruption Executive Immersion Program.
This is the first in a series of articles which take an in-depth look at the content of SVIC’s Navigating Fintech Disruption executive immersion program.
Robots, chatbots and a super smooth customer experience: this is the new world of fintech. Where do established banks and insurers fit in to this rapidly changing marketplace? Will they forever be playing catch-up or can they marshal the resources to strike back and seize the initiative?
In this SVIC Interview Radhakrishnan NR, fintech practice head at digital solutions provider RapidValue, says they can keep up and, in fact, already are. He points to how legacy providers of insurance and financial services are integrating artificial intelligence and robotic process automation into their workflow to deliver seamless customer experiences.
But with technology changing at a rapid pace, artificial intelligence is just a stepping stone. “Companies should not just be going with the technology that’s in fashion today, says Radhakrishnan. “They need to ask themselves where they want to be in five years’ time. That’s the question which is going to create the roadmap for what needs to be done.”
96% of corporate innovation initiatives fail. Another form of innovation, startups, actually fare worse with less than 1% succeeding. Yet over the last 80 years, the startup/venture capital industry has consistently generated outsized returns from investments in innovation. This session will provide an overview of the battle-tested startup and VC-inspired tools and techniques corporations need to leverage to drive operational excellence at innovation, cultural transformation, and reliable returns from innovation spending.
Here at SVIC we recently designed and executed a custom immersion program for investment firm Allectus Capital. Allectus is a great example of how any