“To overcome this challenge, data exploration and extraction will become vital and prove a turning point for banks in 2022. We’ll see banks undergo large-scale data exploration programs to scruntize and examine the data they retain so they can fully understand their data assets. This includes everything from transaction and payroll data through to foreign…
Tag: ai Banking
For AI to Pay Off, Financial Institutions Must Avoid ‘Shiny Object Syndrome’
“Artificial intelligence is not just a fad, but implementing it wastes time and money if financial institutions don’t clearly identify what specific problem AI will help them solve. Define what’s wrong first, and then decide if applying this hot technology will really help. Organizations must be careful not to fall in love with a solution…
Israel’s First Digital Bank secures $120 million investments worldwide
“FDB founder Prof. Amnon Shashua: ‘I firmly believe that AI technology, that is currently transforming significant parts of our lives, can be the key to resolving the financial struggles faced by so many families worldwide,’ he added.” https://m.jpost.com/business-and-innovation/banking-and-finance/israels-first-digital-bank-secures-120-million-investments-worldwide-688732/amp
Active.Ai powers WhatsApp banking for Abu Dhabi Commercial Bank
“Abu Dhabi Commercial Bank (ADCB) has introduced WhatsApp banking to enable superior customer experience for their customers powered by Active.Ai in collaboration with Talisma Corporation Pvt. Ltd (Talisma). Powered by Active. Ai’s conversational AI banking platform, institutions can now communicate digitally with their consumers, understand their intent, be contextually aware, handle multiple instructions in a…
How consumers will see banks embrace AI in 2022
“The challenger banks have shown it’s possible to furnish their accounts with AI to categorise and break down a customer’s spending. This doesn’t just save customers a lot of time they would have spent budgeting or balancing their checkbooks, but it can also draw on the bank’s own insights to help in delivering real-time analysis…