Debt Talk: AI, financial services & debt sector (podcast)

Do you know about Artificial Intelligence (AI) and, most importantly, AI within the financial services and debt sector?

In the Debt Talk podcast, Ripon Ray explored the subject with experts from academia, visionaries and tech gurus as they spoke about the actual workings of AI in the financial services and debt sector.

Prof Carmine Ventre - Director of King's College London Institute for Artificial Intelligence - explained the history of AI, machine learning and the algorithm required to create a tool where AI is weak and strong. He emphasised that AI machines require feeding with information and patterns from humans to complete tasks.

Douglas Silverstone - Director of Southern Housing and tech visionary, looked at the use of AI for social purposes and emphasised the genuine operational and organisational need to establish AI to be successful with the ultimate user in mind.

Rachel Curtis - CEO of Inicio AI, a debt recovery firm that uses AI to complete affordability assessments - explored how AI solves the affordability assessment problem within financial services and debt space to provide consumers with a supportive space based on consumer needs and outcomes.

Maysam Rizvi - founder of Elifinty, a debt management firm and a tech entrepreneur - embarked on developing AI to support debt advisers to focus on the consumer journey within a problem debt space.

This is a must-listen podcast for those considering developing AI within the financial services and debt sectors. The panellists have also provided TOP TIPS to Debt Talk listeners considering moving to AI.

Next podcast: The cost of financial exclusion.

Comments

A debt free path for a mental health sufferer

It’s a well-known fact that individuals who suffer from a hampered mental capacity - be it mental health or learning difficulties - are most likely to be vulnerable in our communities. They are also more likely to be victims of miss-sold products and services by companies, even though organisations that are providing financial products and services have a duty under the Financial Conduct Authority (FCA) to take extra care towards these individuals. This is what the FCA has to say about vulnerable customers: ‘ The vulnerability of the customer, in particular where the firm understands the customer has some form of mental capacity limitation or reasonably suspects this to be so because the customer displays indications of some form of mental capacity limitation (see ■ CONC 2.10) But due to a culture of intensive selling to consumers, generated by employers placing and enforcing - often difficult and unrealistic - performance goals wh...

Betar Bangla radio’s Ripon Ray: How fashionista turned political activist and debt advisor

PUBLISHED: 09:02 13 March 2019 | UPDATED: 09:03 13 March 2019 Emma Bartholomew Ripon Ray: Picture: Rukya Khan Debt advisor and radio talk show host Ripon Ray tells Emma Bartholomew how he’s seeing more and more people who are unable to just pay the basic bills Ripon Ray: Picture: Nick De Marco Self-confessed “arty-farty creative” Ripon Ray originally set out to be a fashionista in life, when he “found his calling” and changed track to become an activist. He’d been studying at the London School of Fashion, but going on an anti-fascist protest “triggered a couple of things”. “I dumped my studies and went to Kingsley College where I was doing full-on activism, and organising protest marches,” he told the Gazette . “I loved it but I got kicked out of there because I was too much of an activist and I wasn’t focusing on my studies.” He knuckled under, bagged a history degree and started out in the charity sector as a housing advi...

Shame no more to talk about domestic abuse and money trouble!

Silence can be a deadly killer for women of domestic abuse and instead of just hindering their recovery it could lead to their fatality. According to the Office of National Statistics (2015), two women are killed every week in England and Wales by a current or former partner in a relationship. The definition of domestic abuse has been expanded in recent times by legislation: an incident or pattern of incidents of controlling, coercive, threatening, degrading and violent behaviour, including sexual violence. Julia Oviedo, a victim and survivor of domestic abuse, shared her personal experience on ‘In Conversation with Ripon Ray…the Community Money Matters Show’ on Betar Bangla Radio. It may seem just another story to many listeners but for an individual to talk about such a personal experience requires bravery, confidence and the will to encourage other victims to come forward and share their experiences. In her case, it was physic...

Search This Blog