For the perfect start into this new week, we have gathered the most relevant and interesting news and the must-attend events throughout the fintech universe. Have fun with our essentials for this week!
Chatbots were a huge topic several months ago, but besides the huge hype, the big breakthrough of that technology has not happened yet. However, experts are convinced that the technology will find its way into banking and that in the near future we will communicate with our banks via Facebook Messenger and WhatApp and let an AI take care of our money. Find the full story below.
AI to dominate banking, says report
Artificial intelligence will be the main way that banks interact with their customers within the next three years, a report from consultancy Accenture has suggested. Banks such as Royal Bank of Scotland (RBS) are increasingly using chatbots to answer customer queries. The report examined the views of 600 bankers and other experts.
UK insurtech startups follow fintech example
Investment in startups focused on developing technologies to transform the insurance industry doubled last year, compared with 2015, with artificial intelligence (AI) and internet of things (IoT) technologies major draws.
WeChat Expands in Europe in Bid for Global Advertisers, Payments
Owned by Tencent Holdings Ltd., WeChat is looking to launch an office in the U.K. and another European country, alongside its existing presence in Italy. Tencent, which has an established office in San Francisco, is also looking to grow its WeChat team in the U.S., targeting advertisers and payments providers.
Banks need to step up tech for mobile users, report
Banks worldwide are at risk of incurring costly consequences to their operations if they don’t move away from legacy systems and get in step with digital advancements. In fact, recent research by McKinsey & Company revealed that banks in the U.S. and Japan have between $1 billion and $45 billion in profits at risk by 2020 depending on the extent of digital disruption.
Baidu’s AI team taught a virtual agent just like a human would their baby
Baidu’s artificial intelligence research team has achieved a significant milestone: teaching a virtual agent “living” in a 2D environment how to navigate its world using natural language commands, by first teaching it language through positive and negative reinforcement. The especially exciting thing, according to the scientists, is that the agent ended up developing a “zero-shot learning ability,” which essentially means that the AI agent developed a basic sense of grammar.
This Week’s Events
Silicon Allee Monthly Meet Up, April Edition, Berlin
Join the team at the renowned Silicon Allee meet up for the latest tech talk in Berlin whilst networking and enjoying great coffee. We’ve hosted the monthly meetup for over 6 years and always attract a wide range of Berlin’s tech community.
EXEC connects a curated crowd of shapers in the fintech & insurtech ecosystems. Bringing together the most relevant startup founders, corporate executives and investors, EXEC plays a significant role in sparking exchange and cooperation.
Seedstars Global Summit, Lausanne
Join the Seedstars Summit 2017 on April 6 and watch 70+ startups from the fast growing startup hubs around the world compete for equity investment of up to $1,000,000. Not only will you meet the best entrepreneurs from 65+ countries, you will also connect with investors, government officials, corporate innovators and CEOs from Africa, Asia, LATAM, CEE and the MENA region.
Startup Camp Berlin
Startup Camp is the largest early stage event and brings together founders, entrepreneurs, investors, and selected students. The conference features keynote speeches with insights and knowledge-sharing from startup veterans and industry experts.
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