Tag: ai Banking

AI banks, next big thing in SA market

~ Brandon McGee ~ Leave a comment
  • “One hindrance in the adoption of AI could be the perceived complexity and expenses of the exercise. A requirement to have data clean and in central point, employing data scientists to undertake analysis, build and test models, then having the flexibility to react to a model’s outcome sounds like a difficult and expensive journey.
  • Winjit’s PredictSense is an end-to-end machine learning platform powered by AutoML to create AI-powered analytical solutions. Drag-and-drop low code functionality gives the layman a tool to be able to generate machine learning models and deploy them in to live databases.”

https://www.itweb.co.za/content/LPwQ5Ml6plpvNgkj

2021 Fintech Predictions – Finextra

~ Brandon McGee ~ Leave a comment

“With competition reaching critical mass in the banking industry in recent years, agility is essential in being able to compete and drive new products quickly to market. A bank can no longer decide to forgo modernisation and cloud adoption, unless they are open to the risk of becoming overtaken and obsolete.

COVID-19 has plunged banks into an unknown future. Banks have had to adjust processes and policies overnight in response to changing regulation and customer requirements, which legacy, on-premise systems were not built for. As the crisis continues to evolve, banks are navigating blind on how to proceed. This has emphasised the need to have a system that allows banks to pivot quickly and smoothly.”

https://www.finextra.com/blogposting/19732/2021-fintech-predictions

How Traditional Banks can Stay Ahead of Fintech Firms with Conversational AI

~ Brandon McGee ~ Leave a comment
  1. “Customers Want Quick Contactless Payment Methods
  2. Legacy Systems Costs Banks Huge Chunks of Money
  3. Offering Omnichannel Banking Services
  4. Conversational AI is a Key to Increase Revenue
  5. Conversational AI Adoption is a Survival Imperative for the Banks
  6. Banks can Avail Enterprise-Grade Security
  7. Conversational AI Helps Banks Adapt Quickly”

https://www.google.com/amp/s/readwrite.com/2020/12/11/how-traditional-banks-can-stay-ahead-of-fintech-firms-with-conversational-ai/amp/