Global Banks Making AI Major Priority

Artificial intelligence has been a hot term in finance the last few years and now global banks are making it a priority; Capital One is focused on developing ethical AI as they believe AI can include biases from developers or the data used; Sberbank has been running an AI competition for years and recently partnered with 500 Startups to have startups develop and compete to bring about the best AI solution; Bank Hapoalim in Israel has been investing in and partnering with AI based startups, most recently with ThetaRay to detect fraudulent activities; these three examples point to a wider trend that banks are paying attention and making changes to ensure they are prepared for the growing digital world. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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