CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has tied-up with artificial intelligence firm Niki.ai to OnChat to make Payments via Facebook’s Messenger
A
ICICI
B
Axis Bank
C
YES Bank
D
HDFC
Explanation: 

Detailed explanation-1: -Not only HDFC Bank’s customers, but anyone using Messenger can avail HDFC Bank OnChat’s services, Niki.ai had said. The artificial intelligence company has also partnered with Cleartrip and OYO to help design a bot that can handle hotel bookings.

Detailed explanation-2: -Prediction of future outcomes and trends: With its power to predict future scenarios by analyzing past behaviors, AI helps banks predict future outcomes and trends. This helps banks to identify fraud, detect anti-money laundering pattern and make customer recommendations.

Detailed explanation-3: -Q. Which bank has launched India’s first Artificial Intelligence (AI)-based banking chatbot “Electronic Virtual Assistant (EVA) for customer service? Notes: HDFC Bank has recently launched India’s first Artificial Intelligence (AI)-based banking chatbot “Electronic Virtual Assistant (EVA)” for customer service.

Detailed explanation-4: -HDFC Bank’s Artificial Intelligence (AI)-based chatbot ‘Eva’ will now work with Google Assistant on millions of Android devices, the company announced on 20 December.

Detailed explanation-5: -To free customers from this directionless searching, multiple clicks, and hours of waiting on calls to reach an agent, HDFC has introduced EVA (Electronic Virtual Assistant), India’s first and largest AI-powered banking chatbot.

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