Banking AI - FinTecBuzz

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FinTecBuzz

by FTB News Desk

Guide to Open API in Banking: Benefits & Opportunities

In-House Features

Guide to Open API in Banking: Benefits & Opportunities

March 27, 20238 min

Open API in banking, a strategic approach has transformed the banking experience; this article explores the benefits, opportunities, and applications. Scroll through!

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Consumer Resistance to Banking AI in Illinois

Consumer Resistance to Banking AI in Illinois

February 24, 20224 min

Few banks are disclosing the number of AI users that engage with their chatbots. Why? Bank of America reported about 20 million or about 30% of their customers arere using ERICA – their chatbot. ERICA has been in use for over 4 years, So, Foresight Research wondered about consumer resistance to AI and chatbots and surveyed 700 consumers of banking products and services to find out the resistance to AI in Illinois. To start with, about...

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Foresight Research: Consumer Resistance to Banking AI

Foresight Research: Consumer Resistance to Banking AI

September 22, 20214 min

Few banks are disclosing the number of AI users that engage with their chatbots. Why? Bank of America reported about 20 million or about 30% of their customers arere using ERICA – their chatbot. ERICA has been in use for about 4 years, So, Foresight Research wondered about consumer resistance to AI and chatbots and surveyed 400 consumers of banking products and services to find out the resistance to AI in 10 Southeast and Midwest...

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Peak Fintech Acquires Banking AI Software Provider Zhongke

Peak Fintech Acquires Banking AI Software Provider Zhongke

July 27, 20215 min

Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced a major step in its pending acquisition of banking artificial intelligence software provider Zhongke Software Intelligence Ltd. (“Zhongke”) with the transfer of Zhongke IP to a Peak-controlled subsidiary. Peak originally announced its intention to acquire Zhongke back in December 2020 with the signing of a memorandum of understanding (“MOU”). The signing of the MOU was...

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