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We are living in an age in which the behavioral sciences have become inescapable. The findings of social psychology and behavioral economics are being employed to determine the news we read, the products we buy, the cultural and intellectual spheres we inhabit, and the human networks, online and in real life, of which we are a part.
Tags » Business Models
After acquiring 65% of France’s Groupama Banque last year, the French telecom company Orange will begin offering in-store and online-banking services this July. The company has partnered with IBM’s Watson artificial intelligence platform to assist customers with service support and new account creation.
As top artificial intelligence (AI) scientists being lured away to Silicon Valley each year, Canadian officials and technologists are exploring new ways to commercialize their AI expertise… 27 more words
“The Conference of State Bank Supervisors announced a raft of measures Tuesday designed to simplify multistate licensing and regulatory oversight for fintechs and other companies registered as money-services businesses,” American Banker reported.
The Wall Street Journal discusses the windfall Goldman Sachs has made from its 2012 acquisition of credit reporting firm TransUnion. The TransUnion deal has given Goldman access to a trove of new consumer data, which the bank has packaged and sold to online lenders, including LendingClub and Prosper, for significant profit.
“The Best Service Is No Service” – Picked from authors Bill Price and David Jaffe, the best way to satisfy customers is eliminate the need for service altogether. 667 more words