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Artificial Intelligence in Banks

IntroductionBanks are exploring new frontiers in modernizing their systems using AI (Artificial Intelligence) . Beyond the obvious, robo-advisors, automated online financial and investment advisers, fraud detection systems, recommendation engines, voice recognition, conversational customer interfacing systems and cloud robotics are improving efficiencies in banks and financial firms. AI has impacted bank’s customer services, operations, risk and compliance,

Design? Security and Privacy? YAGNI

By Gene Hughson Two of my favorite “bumper sticker philosophies” (i.e. short, pithy, and incredibly simplistic sayings) are “the simplest thing that could possibly work” and YAGNI. Avoiding unnecessary complexity and unneeded features are good ideas at first glance. The problem is determining what is unnecessary and unneeded. Just meeting the functional requirements is unlikely