“‘Banks are increasingly moving from a passive to a proactive relationship with customers, and looking for new ways to help them improve their financial well-being,’ Personetics cofounder and CEO David Sosna told VentureBeat. ‘They are sitting on a wealth of data that can allow them to anticipate their customers’ needs, and Personetics’ AI helps them…
Tag: Personetics
RBC launches AI-powered cashflow prediction tool
“NOMI Forecast is the newest capability in the bank’s artificial intelligence (AI)-powered virtual assistant, called NOMI. The recently launched functionality gives customers a seven-day view into their future cash flow by forecasting upcoming preauthorized payments that will soon be withdrawn from their accounts. The $1.3 trillion Toronto-based RBC launched NOMI in 2017 as a virtual…
How Huntington Bank Has Quietly Become a Digital Powerhouse
Fantastic article by Financial Brand on the success of digital at Huntington Bank. Shout-out and kudos to Ellen Johnson and team !!! “It has launched more than 100 digital products since 2018, and has invested heavily in the modern technology infrastructure needed to support that kind of digital advance. For 2021 management has committed $150…
Huntington Bank’s new AI-driven tool plugs a savings gap
“Huntington Bank launched an automated savings feature, per American Banker, augmenting its digital banking rethink from several years ago centered around budgeting, cash flow analysis, and goal setting. Huntington’s sweep feature maxes out at $150/week, which adds up to nearly $8,000/year.” https://www.businessinsider.com/huntington-bank-ai-savings-tool-could-have-real-impact-2020-9
AI Savings Tools Help Financial Brands Boost Organic Deposit Growth
“Nearly half of U.S. banks saw a decline in deposits in 2017, according to The Wall Street Journal. the top three U.S. banks — JPMorgan Chase, Bank of America and Wells Fargo — captured 45% of all new checking accounts in the U.S. in 2017 Since 2016, U.S. digital banks have achieved a 14.2% deposit…