“The ‘Bank of the Future’ whitepaper, published by Mambu and Google Cloud, identifies ‘ubiquitous banking’ as the next frontier in the digital financial revolution, and reveals three building blocks that will enable the future of banking:
1) Customer-centric strategy – products and services built around the customer for the customer, embedding AI technology to hyper-personalise the user experience
2) Value-based AI use cases – applications anchored on business value (revenue growth, cost saving or risk reduction) and customer value (customer experience or time to market)
3) Composable technology architecture – flexible, cloud-based core banking software that enables true “plug and play” functionality to respond to changing customer needs, market dynamics or technology trends”
The Future of Banking To Be Driven by Artificial Intelligence; New Report States