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Banking Innovation

The section where COCO promotes technological innovation, artificial intelligence, machine learning and other techniques applied to banks and insurance companies.

As I mentioned in my previous article, our main goal is to develop and implement new functionalities in the Coinscrap Finance’s financial coach. Thanks to this, our clients, including some of the leading banks globally, will be able to make strategic decisions based on the analysis of behavioral patterns.
CDTI Proyect
CDTI Proyect
Banking Innovation

How to hyper-personalise finance: Discover more about the project approved by CDTI

As I mentioned in my previous article, our main goal is to develop and implement new functionalities in the Coinscrap Finance’s financial coach. Thanks to this, our clients, including some of the leading banks globally, will be able to make strategic decisions based on the analysis of behavioral patterns.

Banking Innovation

5 benefits of AI explainability for the banking industry

Artificial intelligence has revolutionized decision-making in the financial industry. Banks leverage AI algorithms for a wide range of tasks, including fraud detection, credit risk management, and investment portfolio optimization. However, these AI models are often considered black boxes, making it challenging to understand how they reach their conclusions. This lack of explainability poses significant challenges for risk management teams in banking.

two people analysing a data code on the computer
Banking Innovation

Zero Party Data: Banks can now adapt their campaigns and services by “learning” to read users’ data

82% of banking entities think that their customers are happy with their messages. However (and here comes the surprise), only 39% of users consider their bank’s communications to be really relevant. What is this difference about? It seems that entities continue to send messages that focus more on meeting their business objectives than on meeting the true needs and desires of the customers who use their products.

Open AI, CHAT GPT, Artificial Intelligence
Banking Innovation

Innovation and artificial intelligence: Do we need a regulatory framework?

AI continues to revolutionize the way we interact with technology and opens up a world of possibilities in diverse fields, from medicine to the financial industry. However, its progress also poses challenges in terms of rights protection and regulation. In this article, I will mention several recent examples related to the defense of intellectual property that made me think about the future AI Act.

Let’s get started!

flag of the european union
Banking Innovation

Europe’s first Artificial Intelligence Law: discover the pros and cons of the AI Act

A few days ago, members of the European Parliament and the European Council reached a provisional agreement on the Artificial Intelligence Law. This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from what they call: “high-risk AI.” According to regulators, this law will boost innovation and make Europe a leader in this field.

people on the street buying food
Banking Innovation

From illusion to reality: How GeFi transforms financial decision making

Nowadays, we are attending a fantastic show. Entities use artificial intelligence, machine learning and natural language processing to pull rabbits out of their hats. What is the trick? The magic of generative finance. This amazing method fuses all these technologies to give a completely new approach to the world of finance.

A guy having a coffee and working on his laptop.
Banking Innovation

Personalization of financial products with predictive analysis, why is it important?

Who hasn’t dreamed about predicting the future? Throughout history, we have tried to achieve this by exploring all possible disciplines, from the scientific to the mystical. The reality is that today we are closer than ever to reveal this mystery, but we wouldn’t use a crystal ball, we use machine learning and big data.

a guy in the forest
Banking Innovation

The role of financial insights: Data-driven decision

For most of us, managing our personal finances involves budgeting, saving, and spending. How can a financial institution help us in these tasks while expanding its knowledge about our consumption habits? The solution is to discover the enormous amount of financial insights that are hidden in transactional banking.

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