Elephant Insurance Provides Notice of Data Event

 Elephant Insurance, and its subsidiary Apparent Insurance (together, “Elephant Insurance”), values and respects the privacy of information which is why it is providing notice about a recent incident that may involve certain consumer information. This information either relates to current or previous Elephant Insurance customers or is information Elephant Insurance received as part of providing a quote for auto or other insurance coverage. Elephant Insurance is providing information about the incident, its response, and resources...

Consumer Resistance to Banking AI in Illinois

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...

Leading Technology Players Join Mastercard Send Partner Program

Mastercard Send enables people and organizations to send and receive money in real-time, at home and abroad The Mastercard Send Partner Program provides industry leaders and tech enablers with tools and support to drive innovation to meet evolving consumer expectations for speed, choice and security in real-time digital payments Members of the program will be supported to accelerate the embedding of Mastercard Send into their services to create a seamless digital instant payments journey for...

Foresight Research: Consumer Resistance to Banking AI

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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