This is a roundup of industry news and links for the week of May 21st that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
ABA Lauds Passage of Bipartisan Regulatory Reform Bill – The American Bankers Association said “We’re pleased to see the U.S. Senate’s strong, bipartisan vote in favor of financial regulatory reform. This bill is an important step in right-sizing the rules for America’s banks, and it will allow financial institutions to better serve their customers and communities while maintaining safety and soundness.”
Bank of America launches Erica chatbot – Bank of America has begun to roll out Erica, a chatbot that can help you check balances, reminds you about bills and answer your bank-related questions.
Michelle Moore, head of digital banking at Bank of America, tweeted on Friday that Erica is now available to customers in Rhode Island. Moore said to expect additional updates in coming weeks.
Opportunity or threat? How AI will change banking – When you publish an estimate of how a technology will affect an industry — say, that 1.2 million jobs will be lost in banking due to adoption of artificial intelligence software — you get a variety of pointed reactions.
The Internet of Things is driven by network, not devices, says GlobalData – At the recent Mobile World Congress, Cisco rolled out a new networking and device management platform for Internet of Things (IoT) practitioners that promises to enable the creation of extremely large-scale deployments without breaking the bank.
However IoT at scale can be expensive in terms of delivering basic device interconnectivity and management costs. Therefore IT buyers, especially those seeking to build an IoT solution at scale, need to tick a number of boxes when researching an IoT platform partner says GlobalData, the data and analytics company.