“PYMNTS’ own studies show that a majority of consumers love digital banking features and are happy using digital banks and FinTechs. But fewer than 10% use them as their primary account. ‘It’s embedded banking in multiple places and digital experiences and throughout the customers’ daily lives,’ she said, to which Nowicki observed about the rise…
Month: October 2022
Google Joins Meta in Creating AI-Powered Text-to-Video Generator
“On Wednesday, researchers at the company’s AI lab, Google Brain, debuted Imagen Video, a program that can create realistic-looking video clips from a text input. The system expands Google’s original Imagen program by moving beyond still images to moving pictures, resulting in creative videos that remain largely consistent throughout each frame.” https://www.pcmag.com/news/google-joins-meta-in-creating-ai-powered-text-to-video-generator
Why AI Is the Next Step In Digitization Of the Finance Sector
“As per a report by Mckinsey Global Institute, it has been estimated that utilizing AI to enhance core banking functions and provide customized services to customers across the globe will extend a value of over $250 million across the industry. Industry experts believe that leveraging AI will help the banking industry save $1 trillion come…
How To Instill A Digital Mindset At Financial Services Firms
“Digital transformation has cemented its place as one of the dominant business trends of recent years, with analysts predicting the sector will grow to an impressive $1.8 trillion by 2028. Change inevitably brings friction, but the benefits organizations can realize with a digital mindset are changing from nice-to-have to must-have. The digital mindset is about…
The Strategy Behind Truist’s New AI-Powered Digital Assistant
“Launching a digital assistant enabled by artificial intelligence is noteworthy by itself. More significant: ‘Truist Assist,’ built from a clean slate in a year’s time, and tightly integrated with the bank’s contact center, signals the giant merger of equals that created Truist Financial is (finally) starting to click. Some digital assistants in banking have ‘personas,’…