Elevate banking systems with AI | SoftServe

AI has been a hot topic of discussion for a while now, but many financial institutions are still wondering where it will fit in their business model. The answer is: everywhere. From process optimization to fraud prevention, personalized marketing, and more, AI is making an impact. It brings a new level of intelligence to traditional systems, humanizing them by comprehending customer needs and determining the best ways of serving them. By automating tasks such as document verification, risk asse

Blockchain Explained: Transactions and Trust in the Digital Age.

Blockchain Explained, Transactions and Trust in the Digital Age One of the biggest buzzwords in the financial services and FinTech sectors, blockchain remains largely misunderstood. Many associate the tech only with Bitcoin, but it has the potential to disrupt the entire banking and finance sector. To embark on the transition from traditional banking to cutting-edge technology, you must understand what blockchain is, how it works, and what it has to offer. This infographic explains the princip

Intelligent Document Processing Solutions | SoftServe

Onboarding paperwork, financial statements, loan applications — documents are a big part of your job. In fact, a mid-size bank processes up to 1.5 million documents per year. Inefficient methods of handling this workload are costly. The Fortune 500 averages losses of $12 billion per year due to faulty document management. Automation reduces these expenses significantly. Intelligent document processing solutions further optimize costs by removing the risk of tired or distracted employees making

Epigenetics: The Gene Genie

Epigenetics is set to play a major role in the future of therapeutics In 1928, Sir Alexander Fleming discovered penicillin and ushered in the era of modern antibiotics which allowed for the treatment of infections including gangrene, pneumonia, syphilis, and tuberculosis. In the century since, there has been significant progress in the healthcare sector — from the development of X-ray technology and chemotherapy to more recent advances that have led to the use of AI to develop pharmaceuticals.

Jet Propelled: A Visit to NASA's JPL

Celebrating the 50th anniversary of the moon landing with a trip to NASA’s JPL in the Corvette Z06 July 2019 marks the 50th anniversary of the eight-day Apollo 11 mission that culminated with Neil Armstrong and Buzz Aldrin becoming the first two humans to set foot on the moon, while Michael Collins flew the command module in lunar orbit awaiting their return. Today, NASA is preparing for a return to the moon in 2024 to establish a permanent presence — a project that aims to both further human u

Artificial Neural Networks - Giving Robots Brains

Artificial Neural Networks and the Future of AI AI technology is already commonplace in modern society, everywhere from Siri and Alexa to chatbots, and beyond — even the spam filter on your email uses artificial intelligence technology. The fact that you don’t notice is the result of something called the AI effect, which explains that once we grow accustomed to certain technology we begin to think of it merely as regular computer programming, not artificial intelligence. To take the next step