AI

May
24

Tech bounty to outstrip negative cyber-effects

The international ransomware attack this month that ensnared more than 150 countries — including Australia — brings to mind an intriguing question: can we afford to openly embrace digitalisation? Anthony Wong prefers to approach the conundrum from the opposite direction: can we afford not to? As president of the Australian Computer Society, Mr Wong is constantly told of the risks of digitalisation: robots replacing workers, disrupters pushing industries to extinction and personal data shipped off to the highest bidder. While he doesn’t discredit those fears, he reckons such concerns are outweighed by the opportunity to find solutions, adopt new skills and create fresh industries. “Artificial intelligence, robo advice, driverless cars, […]

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May
16

Presagen to present its AI human behavior automation tech at CeBIT 2017

Presagen are excited to be exhibiting and presenting this year at CeBIT in Sydney from 23-25th May. CeBIT is APAC’s largest and longest running B2B technology exhibition and conference, and has a FinTech focused stream on Wed 24th May.   Dr Michelle Perugini will be giving a presentation in the Show Floor Theatre Session hosted by the Institute of Analytics Professionals of Australia (IAPA) on Wed 24th of May, in a session shared with NAB (National Australia Bank), SAS, and the ATO (Australian Taxation Office).   Dr Perugini’s presentation will focus on automating human behavior and translating human cognition and decision making into software. Dr Perugini will discuss the hype […]

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May
15

Cre8tek signs Memorandum of Understanding with Deloitte

Cre8tek Limited, owner of high-tech, Artificial Intelligence company and Cognitive Virtual Assistant platform provider, Flamingo Customer Experience Inc., is pleased to announce that it has signed a Memorandum of Understanding (MOU) with leading professional services firm Deloitte Australia. Under the agreement Deloitte will collaborate with Flamingo to identify opportunities, initially in the Australian market.   Deloitte and Flamingo will work together to develop Conversational Commerce opportunities, helping their clients to respond innovatively to changing consumer behaviours in the way goods and services are accessed and purchased.   At the completion of a 6-month term an opportunity exists under the MOU for the two parties to enter into a full Partnership […]

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Mar
31

A view to the future of investment operations

Blockchain, artificial intelligence, robotics, automated data entry and data mining are some of the big technological trends set to radically disrupt the way the back-office teams of superannuation funds and their service providers do their jobs in the not-too-distant future. The onslaught of change confronting investment operations teams is not limited to technology, though. The shift in assets to the deaccumulation phase, mergers, growth in funds under management and unrelenting regulatory changes are forcing industry players to make serious decisions about what to prioritise. Investment operations refers to all the cogs of the financial services machinery, and covers areas such as the implementation of investment transactions, performance reporting, analytics, fund […]

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Mar
20

AI automation FinTech startup Presagen secures competitive commercialization funding

AI automation FinTech startup Presagen has secured its first round of funding as part of the South Australian Early Commercialization Fund (SAECF), which is administered by TechInSA. SAECF is a new government grant funding scheme for companies with innovative technologies that have potential for global markets and large revenues. Presagen has been awarded the first of three possible phases of funding. Companies that are awarded all three phases can receive up to $500,000 in funding to support global commercialization initiatives. Presagen will use the funding to bolster its growing technical team. Presagen uses a unique behavioral AI technique which emerged from the defense industry to automate complex human-centric tasks using […]

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Mar
13

Flamingo signs agreement for a paid trial with Australian marketplace lender DirectMoney

Cre8tek Limited is pleased to announce that high-tech, Artificial Intelligence company, Flamingo Customer Experience Inc. has signed an agreement for a paid trial with ASX listed Australian marketplace lender, DirectMoney Limited. This paid trial will be conducted over a six-month period, targeted to commence in Q2 (April-June) 2017. The Flamingo platform, constituting the Cognitive Virtual Sales Assistant, ‘Rosie’ and the Journey Assist™ platform, will be used by DirectMoney to trial guiding customers through an unsecured personal loan application. Dr. Catriona Wallace, Cre8tek’s Chief Executive Officer and Flamingo Founder commented: “We are thrilled to be working with another exciting technology company such as DirectMoney, who are passionate about utilising cutting edge […]

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Feb
02

Robo-advice using algorithms are replacing financial planners

Robo-advice is part of a new financial marketing system that could chug along without much human intervention and is aimed at giving you a sense of financial security.

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Aug
03

Fintech platform revenues set for massive rise: Juniper

Fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to jump by a whopping 960% globally over the next six years, according to new research from Juniper. According to the latest report on the worldwide Fintech market from Juniper Research, revenues will rise to US$17 billion by 2021, with spending advancing rapidly due to the highly data-driven nature of the market, “meaning that AI integration is likely to spell substantial benefits”. Juniper says that until recently, machine learning was too expensive and computationally time-intensive to break into the mainstream, while access to extensive data sets for algorithm training were limited. Research author Steffen Sorrell says […]

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