“Molit.ai and similar platforms eliminate human touchpoints entirely, raising questions about when customers want AI assistance versus human empathy. Yet the data suggests a generational shift: 82% of people aged 18-24 have switched financial providers in the past year, suggesting younger generations prioritize functionality over tradition. The transformation of banking from a human-mediated service to…
Tag: Generative AI
3 Key Takeaways on Ai in 2025
Last week a friend and colleague asked me, “what are 3 things everyone should know about Ai as we wrap up 2025?” So, I decided consult Ai and the summary is really good. 1. AI is no longer “just a tool” — it’s becoming a collaborator In 2025, AI crossed from helping to working alongside…
BBVA and OpenAI Seal a Strategic Alliance to Redefine Banking with Artificial Intelligence
“‘We were pioneers in the digital and mobile transformation, and we are now entering the AI era with even greater ambition. Our alliance with OpenAI accelerates the native integration of artificial intelligence across the bank to create a smarter, more proactive, and completely personalized banking experience, anticipating the needs of every client,’ remarked Carlos Torres Vila,…
Here’s JPMorgan Chase’s blueprint to become the world’s first fully AI-powered megabank
“The end state for JPMorgan, as envisioned by Waldron, is a future in which AI is woven into the fabric of the company: ‘Every employee will have their own personalized AI assistant; every process is powered by AI agents, and every client experience has an AI concierge,’ he said.” Read more >>
From Branches to Bots: Will AI Agents Transform Retail Banking?
“The talk still outpaces the walk, but there are strong reasons to believe that leading retail banks will move toward an AI-first technology foundation and operating model. In addition to the profit potential and margin squeeze cited above is the simple, yet substantial, risk of inaction. Even if only some retail banks successfully embed AI…