This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab your copy here!
In the previous chapter, I showed various uses of AI in modern products and services. I hope that gives you an idea about what AI has been used for in other industries. More importantly, I hope that it shows how disruptive AI is—ridesharing, content streaming, and online shopping used to be taxis, Blockbuster, and brick‑and‑mortar retailers. Today, those services are industry standards, and their former competitors are afterthoughts.
Continue reading “What to Look for in Banking and Finance AI” →
This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab your copy here!
This case study covers the leading player in AI-based small-dollar lending for credit unions, QCash.
Stay tuned to the CU 2.0 blog while we feature more excerpts from our financial guide to AI!
Purveyors of short‑term credit and small‑dollar loans have gotten an understandably bad rap in the last couple decades. And it makes sense—before regulations, some interest rates on these loans went as high as 1,000%. Even today, short‑term loan interest rates climb over 600% in some states. In many ways, the reputation that short‑term credit earned was, well, earned. But it doesn’t have to be that way. And frankly, it shouldn’t be.
Continue reading “AI Case Study: QCash” →
By W.B. King
Originally published by Finopotamus – Fintech News for Hungry CUs
From words of encouragement by keynote speaker and NBA legend Earvin “Magic” Johnson to discussions on human-centric brands, digital natives, fraud protection and technology investment opportunities, the 2021 PSCU Virtual Member Forum provided actionable insights.
Continue reading “PSCU’s 2021 Virtual Member Forum Put a Touch of ‘Magic’ on Digital Innovations” →
By W.B. King
Originally published by Finopotamus – Fintech News for Hungry CUs
While most credit unions are using machine learning (ML) and artificial intelligence (AI) in some form, the industry lacks a cohesive strategy. This premise is among themes covered in FinAncIal: Helping Financial Services Executives Prepare for an Artificial World, a new book by Ongoing Operations’ CEO Kirk Drake.
Continue reading “Kirk Drake’s New Book ‘FinAncIal’ Investigates Artificial Intelligence in the Credit Union Space” →
This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab your copy here!
This case study covers the leading player in AI-based digital onboarding for credit union members, Digital Onboarding.
Continue reading “AI Case Study: Digital Onboarding” →