ARTIFICIAL INTELLIGENCE SOLUTIONS FOR BANKING

Churn prediction

“Because of accurate AI algorithms, churn probability predictions improve customer retention. This is crucial as customers frequently stir without obvious warning signs. Therefore, it is challenging to run mainly targeted anti-churn campaigns. On the other side, retention activities can be costly, sometimes much more so than the value a potential customer may bring.”

Artificial Intelligence Solutions for Banking

Email Automation Is a Major Ecommerce Revenue Booster

– “Open rates for automated messages saw a 76.25% increase year-over-year.
– Automated messages drew a 21.24% click rate, a 15.37% year-over-year lift.
– Promotional campaign (traditional scheduled messages) conversion rates increased 5.37%, an 88% year-over-year increase.
– The conversion rate of automated lifecycle messages increased to 22.39%, a 63% year-over-year lift and a 335% increase over promotional campaigns.”

https://www.google.com/amp/s/www.adweek.com/brand-marketing/email-automation-is-a-major-ecommerce-revenue-booster/amp/

AI Should Change What You Do — Not Just How You Do It

  • “How do you reimagine what you do for a new era of AI-powered competition?
  • Machines are handling more work, but arguably without a high level of automation, UBS employees would find it hard to get their jobs done. The firm now has more than 2,000 software bots operating across the business, growing steadily
  • Marcus (Goldman Sachs) has been able to leverage a technology stack based on API microservices architecture to build distribution partnerships with Apple, Amazon, JetBlue, and Intuit.
  • In the first 6 months of 2020, his tech-teams have clocked over 45,000 training hours, with 50,000 courses available.”

https://www.google.com/amp/s/hbr.org/amp/2020/09/ai-should-change-what-you-do-not-just-how-you-do-it

Arthur Debat/Getty Images

Back-To-School Season Spurs Increase In Global ECommerce Transactions, According To Latest ACI Worldwide Data

  • “New data from ACI Worldwide shows global eCommerce transactions increased by 24 percent in August 2020 compared to August 2019.
  • The gaming sector continued to see significant growth in August (109%) compared to July (52%), driven by new game releases as well as stay-at-home restrictions that are forcing consumers to find indoor entertainment.”

Back-to-School Season Spurs Increase in Global eCommerce Transactions, According to Latest ACI Worldwide Data