“A full 90 percent of consumers said their top online activity was personal banking, according to the latest edition of PYMNTS’ Digital Banking Tracker — and 60 percent reported regularly using at least one financial services app. The same thing, Priestley noted, can be said of applying AI and machine learning to anti-money laundering (AML) and…
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AI & ML Are Key To Hypersonalisation In The Banking Sector
“According to a 2018 study by Analytics India Magazine, 38% of total analytics revenue in India ($1 billion, approximately) comes from banking and finance at a 31% growth over 2017. For the study, which compiled the responses of top banking executives from North America, 66% of the respondents believe the ability to offer more highly…
For South Africa’s first challenger bank, conversational AI isn’t just a nice-to-have
TymeBank has launched Max, an AI-powered digital assistant. Developed by Finn AI, Max enables the challenger bank to scale. https://tearsheet.co/artificial-intelligence/for-south-africas-first-challenger-bank-conversational-ai-isnt-just-a-nice-to-have/
Brazilian bank Bradesco reaches new AI high
“Brazilian bank Bradesco has reached 100 million interactions through its artificial intelligence platform and aims revenue generation through the channel in 2019. Bradesco is the second-largest private bank in Brazil, with over 71 million customers. It has seen a four-fold increase in the number of users of its AI service during the year starting February…
AI Is On Track To Send Millions Of Bank Workers To Eternal Call Waiting
“Bankers hope to eliminate most customer service reps by digitizing the processes they perform. You might have noticed the prevalence of self-service menus online. With the right software, it’s easy to cancel a lost credit card without ever talking to anyone. The next step is implementing the right AI software, to help assist customers who want…