AI Bankers Bakeoff Rating Explained
Quick Explanation of Ratings
Golden Nugget - LIVE
A Financial Institution which is LIVE with an application of Artificial Intelligence earns a Golden Nugget. The FI must be in production with the app and the solution must truly qualify as an AI-application using common industry and banking definitions. The banking AI App can be a proprietary technology or one which leverages a third-party technology vendor solution.
½ Nugget – NOT YET LIVE
A Financial Institution which is implementing an AI solution, but the application is NOT YET LIVE. The FI must be pursuing a solution which qualifies as an AI-application using common industry definitions. The banking AI App can be a proprietary technology or one which leverages a third-party technology vendor solution.
Investment
This content includes funding stories for a Financial Institution, Fintech or Tech Vendor who is providing a solution leveraging AI technology in Fintech. The banking solution must be one that focuses on and leverages Artificial Intelligence in the fintech and financial services industry.
Think Piece
Content which provides background on Artificial Intelligence AND is prepared by a high-profile industry group or individual influencer. The content must be focused on AI in Fintech and Financial Services.
Regulatory
Content coming from a Regulator or Regulatory body. In most instances, the News Story is a quick summary of the topics covered and a link to the original Regulatory content.
Turkey
A News Story earns a Turkey if the content is about an AI application in Fintech/Banking BUT, no customers are mentioned, and the solution may or may not be in production. The solution must truly qualify as an AI-application using common industry and banking definitions. The AI App can be a proprietary technology or one which leverages a third-party vendor solution.
Turkey On It’s Head
A News Story gets an upside-down Turkey when it’s about a technology partnership in the AI Fintech industry. It is a story about Vendors. And no joint-customers are live, and the product might not even be integrated yet. No one cares!!!
AI Downer
These are News Stories which take a negative view of the AI in Fintech industry. They are “downers” and skeptical of the new technology. The content can be specific to a particular technology or towards the general area of artificial intelligence and how it is used in the financial services arena.
