The Royal Bank of Canada saw a 7.9% year-over-year increase in computer rental and maintenance costs, spending $332 million during the second quarter. The...
An agile approach allowed TD Bank and IBM to roll out a specialized artificial intelligence (AI)-powered virtual assistant in mere weeks. Both IBM and the $1.4 trillion Canadian bank deploy an agile model that delivers in iterations, Daniel Cascone, financial services sector leader for IBM Canada, told Bank Automation News. That allowed a fast rollout […]
University Credit Union saved nearly $2 million in expenses and revenue gains in the first 12 months after launching its artificial intelligence (AI)-powered virtual assistant Royce in August 2020. The savings easily amounted to more than the cost of the technology and allocations made to support the bot, says David Tuyo, president and CEO of […]
The new AI assistant will help helicopter pilots to perform tasks within and beyond their skillsets. The Defense Advanced Research Projects Agency (DARPA) awarded Northrop Grumman a contract to develop a prototype Artificial Intelligence (AI) [...]
KeyBank will use automations to migrate its platforms and applications to Google Cloud. The multiyear partnership announced last week will give the bank access to Google’s advanced data and artificial intelligence (AI) technologies. Migrations come with challenges, but the $186.3 billion bank already has established a program with several workstreams to manage aspects of the […]
Even though the eCommerce industry feels oversaturated, starting a business from scratch is still tempting. Given how many people are shopping on the internet these days, it makes sense to look for a venture online. “Brick-and-mortar stores still exist, but the ongoing pandemic lifted online stores to new heights, and it does not seem like […]