Creating innovative, empathetic experiences across omnichannel forges long-lasting relationships with customers. Forrester predicts pandemic to have boosted digital customer service interactions by 40%. Today, business leaders see seamless and ‘aha’ experiences as the... View
Retail Banking IT difficulties and arrangements in a hyper-associated age As start-ups redraw the retail banking world map as we know it, there are estimates of $4.7T in revenue being displaced from incumbent financial services firms. The fierce competition coincides... View
When we talk about digital, it is easy for banks to lose their way in the thicket of buzzwords, fads, and corporate-speak. Digital transformation isn’t about moving traditional banking operations to a new digital home. Instead, it begins by suspending prior opinions... View
In 2022, wealth management firms consisting of commercial, and retail banks, universal banks, fund management companies, online trading platforms, private banks, brokerage firms, and family offices, are in a reinventing mode. Demographic shifts (before 2030,... View
Keep a human-centered approach All your questions while designing an onboarding experience must be customer-centric: Why is my customer applying for this banking product? What could be their needs? What could be their goals? How are we simplifying it for them? The... View
AI pilot count has become one of banking’s least useful measures of progress. A regional bank can have experiments running across customer service, fraud, compliance, lending and engineering and still have very little AI producing value in live operations. For a large global institution, a broad experimentation portfolio can be absorbed across substantial innovation, data […]
A banking AI use case can make perfect sense on a presentation slide and still be the wrong initiative to put into production. The economics may be attractive. The model may perform well. The executive sponsor may be committed. None of those answers the harder question: can the bank operate it reliably inside a live […]
The AI problem inside many regional banks is no longer a shortage of ideas. It is a shortage of capacity to pursue all of them well. Fraud, KYC, lending, Customer service, Compliance, Software Engineering, Data Operations, and Cybersecurity can all produce credible AI use cases. But every initiative competes for the same finite pool of […]