Why AI Is Transforming The Banking Industry

  • “On a recent AI Today podcast Casey Royer from USAA, a large US bank serving the military community, shared his perspective on how the bank is adopting AI, how they’re using AI to broaden USAA banking offerings
  • The bank sees AI as one way to help provide more hyperpersonalized offerings, automatic monitoring, as well as improve various back office operations.
  • Through these fraud prevention methods, Casey says the bank is able to actively monitor fraud in real time and is saving its customers on average around $100 million a year
  • One major challenge they have faced is the access to data. It’s no surprise that USAA has very large amounts of data, but one of the big challenges is having real time access to that data to see what is happening.”

https://www.google.com/amp/s/www.forbes.com/sites/cognitiveworld/2020/04/05/why-ai-is-transforming-the-banking-industry/amp/


Casey Royer

USAA

Executive Director – Personalized Experience Management

http://linkedin.com/in/caseyroyer