Tag Archive: AI

AI application

Research shows that consumers want an interactive digital financial coach, but most are still stuck with static online banking. Discover how the industry’s most innovative companies are using AI and machine learning to build financial solutions and apps to attract and engage today’s evolving consumer. Consumers in every generation, from millennials to boomers, are worrying about their financial health more than ever. There’s a wealth of information out there to…

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ai virtual agent

Many insurers are investing in AI beyond ML which is one of its subfield. Opportunities range from an enhanced Customer Experience (reduced cycle time, personalized advisors through chatbots, fast track Claims management), to productivity efficiency, pricing sophistication, churn risk anticipation and accurate Fraud detection patterns. Insurers can either build internal capabilities, partner with start-ups on these fields or do both to accelerate time to market impacts. AI is a great…

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AI platforms, AI chatbot

Capitalizing on technology for customer experience, starting by mapping the vision of clients and matching it with their knowledge to make personalized products and services in real time, is what the Fintech movement is all about. Companies like Amazon, Netflix, and Alibaba have the best customer relationship models today. They’re on the top because of their extensive use of digital technology and analytics to improve their marketing and sales process,…

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chatbot for banks, chatbot development for banks

Artificial Intelligence (AI) has become a finance buzzword since 2016 and reports abound on how AI is an integral part of technology budgets, as well as the key technology force that will reshape strategy in coming years. However, AI is not an entirely new to banking as it is made out to be. Various terminologies associated with AI like machine learning, cognitive learning, natural language processing, primarily aimed at bringing…

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insurance chatbo, virtual insurance software

Artificial intelligence (AI) and machine learning are the hot topics of 2018 across all industries, especially insurance and law. Although perceived as a relatively recent development, the term "artificial intelligence" was first used by U.S. computer scientist John McCarthy in 1956. To help its legal audience get a better handle on the subject, ALM's Legalweek 2018 New Yorkkicked off on Jan. 29 with a workshop titled, "The Foundation of AI…

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Chatbots in banking, chatbots with AI capabilities

The biggest Hong Kong bank, HSBC Holdings, is starting the New Year with a new chatbot. Chatbots are computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business. Now they are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking. Even though they are practically machines, banks are trying to give their chatbots a human…

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online agent for insurance, insurance ai

Insurers’ challenges are related to larger data volumes, the speed of the data, the complexity of the data, and also the need to turn this data into insights that improve workflow and have a positive impact on customer experience. In 2017, the artificial intelligence (AI) buzz grew in the insurance industry and we saw another significant uptick in insurance carriers starting IoT initiatives. That gives credence to Market Research Future’s…

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virtual life insurance agent, chatbots for insurance

As artificial intelligence advances by leaps and bounds, one of the prominent questions in insurance and other industries is: Will bots take over my job? AI revolution The fear of an AI revolution is growing and is real. Numerous studies predict that certain professions will be gone in a decade, and many other workers will be replaced by software in the form of chatbots or other AI-based systems. When I…

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online insurance claims, chatbot for insurance claims

The concept of Straight-Through Processing (STP) has been around in the financial services market since the ‘90s. The idea is to reduce the need for human intervention and create fully automated business workflows that speed up transactions. Thanks to improvements in software tools and artificial intelligence, STP can now be effectively applied to insurance claims. STP enables carriers to be responsive, it reduces the risk of errors, drives down costs,…

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Elafris team, elafris news, About Elafris

SAN FRANCISCO—Elafris, Inc., the Artificial Intelligence communications provider, today announced the appointment of Christopher J. Hogan as Executive Vice President of Marketing and Business Development. The company’s AI-based platform brings intelligent, automated agents to the communication channels customers love like Facebook Messenger, SMS, and Amazon Alexa. As the company’s Marketing and Business Development chief, Hogan and his team will help shepherd Elafris through its next phase of growth, developing and…

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