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Artificial Intelligence as the Future of Digital Banking

Weekly Musings In The World Of AI
Weekly Musings In The World Of AI
@https://twitter.com/ADgtlAgncy
AI has been a major player in the banking world for years. Initially introduced as automated customer chat-bots, AIs have continued to make strides with their dynamic capabilities that are sure to delight any demanding clientele they serve.
Clients, especially those in this sector and even more so because of how much they rely on accountancy to manage their finances well, welcome any development as it means a better way for them. The ability to have transparency between parties is also highly valued - something which artificial intelligence can help with through the use of technology already present at banks today.

Harnessing the abilities of artificial intelligence will aid a variety of technology in place to mimic human interactions and perform necessary tasks in banking halls. These tasks may include:
  • Account management
  • Funds transfer
  • Bill payment
  • Risk assessment
  • Automating reports and financial documentation
Artificial intelligence, or AI for short is not new to the banking system; as auto-tellers machines and enhanced CCTV cameras are common features around banks. Soon you can look forward to using big data analytics along with machine learning algorithms when it comes time to manage your finances in this fast-changing landscape of ours!
The chatbot will be able to offer financial guidance through personalized advice tailored specifically towards what they need help managing at any given moment which could make all the difference between success & regret later down life’s rocky road.
The future is now. Artificial Intelligence has become a part of our lives, and it’s here to stay! Machines are taking over jobs that human beings used do in the past- so what can you say about this growing trend?
Tweets we found Interesting:
Christian Rosen
#DVDB | #AI is fast becoming a key differentiator in levels of service between financial institutions. Our Group Industry Director @FranckCoisnon makes the case for why in the @IntlBanker https://t.co/vAWc3ceElK
Christina Alonso
The traditional model of banking can be made to be faster, smarter, and more customer-friendly through the powers of AI! Read this article to find out how to integrate AI into many different scopes of banking & how it will vastly improve these areas. https://t.co/p5Zb9B3mnj
Alkymi
#AI technologies present #banks with new opportunities to fundamentally improve the products and services they offer.

https://t.co/Wbe4b4wZZP

#finance #intelligentautomation
Top Articles about the Topic:
Artificial Intelligence: The New Power in Digital Banking
Artificial Intelligence: The New Power in Digital Banking
As the sophistication of artificial intelligence and intelligent algorithm technologies has increased, they now have the potential to revolutionize traditional banking models and deliver a shift to digital banking which is faster, more agile, and more customer centric. AI has the potential to transform all aspects of banking - from the way we save to the way we invest and spend - making possible a model of banking that is smarter, faster and more customer friendly. 
internationalbanker.com
The impact of artificial intelligence in the banking sector & how AI is being used in 2021
The impact of artificial intelligence in the banking sector & how AI is being used in 2021
The applications of AI in banking are a $450B opportunity for the banks that take advantage of the digital transformation. See how banks are using AI for cost savings and improved service.
www.businessinsider.com
AI-Powered Tech Essential to Keep Pace With Consumer Digital Banking Expectations
AI-Powered Tech Essential to Keep Pace With Consumer Digital Banking Expectations
The October Digital-First Banking Tracker® examines how consumers’ expectations for banking experiences are shifting and what this means for loyalty to FIs.
www.pymnts.com
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Weekly Musings In The World Of AI
Weekly Musings In The World Of AI @https://twitter.com/ADgtlAgncy

AI Journal connects you with the latest happenings in the world of AI strategy, Machine Learning, Natural Language Processing and GPT-3. #AI #AIStrategy #GPT3

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