“The most significant danger to enabling such a transition is not Apple or Paypal but Plaid. The emergence of open banking and the drive for banks to expose consumer data to authorized parties enabled a whole new breed of companies. These companies can leverage bank APIs and existing ACH or RTP functionality to verify that…
Tag: Digital Transformation
‘Work to Do’ on ChatGPT, Banking Tech, Says BofA’s Moynihan
Digital Transformation Is Not About Technology, It Is About Your People
“Digital transformation has been used to refer to almost any way in which a company modernizes a legacy process, or improves a core offering. Increasingly, we expect digital transformation to deliver higher levels of personalization and flexibility. That’s where low-code comes in, enabling businesses to develop applications with less time and effort than traditional approaches….
Next Up For AI Chatbots: It’s All About The APIs
“Even before this wave of AI chatbots reached the public, the companies behind them prepared APIs for developers. When ChatGPT gained momentum in January, OpenAI president Greg Brockman teased an API “coming soon.” That same week, Microsoft made OpenAI models available through Azure. On the day Google introduced its BARD chatbot, CEO Sundar Pichai promised…
Artificial Intelligence Opens Up The World Of Financial Services
“Personalize without branches. While banks keep scaling down their in-person branch locations, AI may help keep things personalized. ‘Ironically, artificial intelligence can help redefine and restore personalized experiences that build trust for consumers and small business owners,’ says Charlene Coleman, senior managing partner and head of the modern finance sector of Launch Consulting Group. ‘An…