“Despite concerns around the data privacy, a study by Accenture found that 60% of consumers would be willing to share personal data, such as location data and lifestyle information, with financial service providers if it resulted in lower pricing on products, or delivered other benefits, such as faster turnaround on loan approvals.” https://thefintechtimes.com/ais-potential/
Tag: AI
How to Future-Proof Your eCommerce Site for the Millennial Customer
“According to a 2019 study from CouponFollow, millennials now make 60% of all purchases online, up from 47% in 2017. 45% of millennials are using voice assistants while shopping online. Most common gripes with online shopping and the responses are telling: 40%: Lack of product information and / or reviews 28%: The website is too…
Bank of America revamps mobile app with new AI features
“Bank of America redesigned its mobile app to improve navigation for its 29 million mobile banking customers. Erica, its virtual voice assistant that has about 9 million users, per an announcement. The bank reported a 76% surge to $20.8 billion in payments through Zelle Mobile activity made up 52% of its digital consumer sales, demonstrating…
Efficient Ways the AI Will Boost Your E-Commerce Sales
“Here are a few efficient ways AI can boost your eCommerce Sales. Gather Data About Customers Retargeting Leads Decreasing Cart Abandonment Enhancing Customer Experience” https://martechseries.com/mts-insights/guest-authors/efficient-ways-ai-will-boost-e-commerce-sales/
Artificial Intelligence, Algorithms, Big Data & The Future of Banking
“Then you’ve got companies like Mass Mutual which created a new company called Haven Life. It had 100 employees initially. 70% of them were data scientists. And their secret weapon was that they were able to go back and look at 15 years of data that the parent company had and analyzed it with their…