What the FinTech? | S.3 Episode 5 | AI in Financial Services

In this episode of the What the Fintech? podcast, we’re joined by Kevin Levitt, head of financial services and global industry business development at Nvidia. In our News in Numbers section, Kevin discusses how US banks have closed a record number of retail branches in 2021. This is against a backdrop of increasingly mobile and digital-first banking, on both sides of the Atlantic, as the twin forces of digitisation and Covid-19 have led more people to bank online. For the main discussion, Kevin and FinTech Futures reporter Alex Pugh discuss how AI fights fraud, the ways in which employees interact with conversational AI in a remote-first world, how fintechs are using AI for portfolio optimisation and the ways in which institutions are weeding out bias in AI. Kevin also discusses some of the findings in Nvidia's research report, The State of AI in Financial Services. For the FinTech Jail segment, Kevin makes the case to liberate “Artificial Intelligence / AI” from jail. Despite the hype surrounding this particular buzzword, it's a strong case!