The future of Banking is set to be transformed with Generative AI. In the next decade, we may see Banking apps getting hyper-personalized to a great level. With a "Bank GPT" like interface, customers will be able to receive personalized financial advice. This will enable Banks to become intertwined with customer's life styles and provide recommendations on managing their loans, investments, and savings. AI can also assist banks in going global by providing them with advice on regional regulatory compliance. This will allow banks to generate localized versions of their global products and protect them from non-compliance risks. The possibilities are endless and AI can completely revolutionize the banking industry. By combining banking and non-banking financial services, both banks and customers can benefit from unique competitive advantages. Get ready for the future of banking! #AIinBanking #FutureOfBanking #BankingTransformation
Hema Janakiraman ~Market Consultant’s Post
More Relevant Posts
-
In a recent Bank Director article, Q2's Vice President & Head of AI Center of Excellence Corey Gross explores how #GenAI is reshaping the financial services landscape. From personalized customer experiences to streamlined operations, Gen AI's potential is vast. Discover how financial institutions can harness #AI to unlock new opportunities and drive #innovation in the industry. 🗝 🌐 Read the full article here: https://lnkd.in/eGqWbCwH. #Fintech #Banking #GenerativeAI
To view or add a comment, sign in
-
NEW: Are banking #bots set to revolutionize banking? Will #AI change the future of #finance? 🤖 Find out in our latest GPS report: AI and Finance: Bot, Bank and Beyond. Discover how AI might: 🟩 Drive productivity across all aspects of banking 🟩 Change banking jobs 🟩 Transform the client experience 👉 Read the report here: https://on.citi/3VNBO71 👀 Ronit Ghose Rob Garlick Sophia Bantanidis Prag Sharma David Griffiths
To view or add a comment, sign in
-
Generative AI holds immense potential to reshape the banking industry. By embracing this technology, banks can create a more efficient, customer-centric, and secure financial future. What are your thoughts on Gen AI and its impact on banking? Let's discuss in the comments! #generativeAI #banking #fintech #AI For a deeper dive into Generative AI and its applications in banking, check out this Forbes article: Generative AI: The Age of GenAI, But Has It Come Of Age? https://lnkd.in/gxJd8VbK
To view or add a comment, sign in
-
Impressive report by Rob Garlick and team. Rich insights, well underpinned. We agree with the vast majority but a few timelines might crystalize a little earlier (as you'll see from our other posts below!) https://lnkd.in/etXkCRRG #investmentbanking #research #ai #copilots #quantitativeresearch #investment #wealthmanagement
NEW: Are banking #bots set to revolutionize banking? Will #AI change the future of #finance? 🤖 Find out in our latest GPS report: AI and Finance: Bot, Bank and Beyond. Discover how AI might: 🟩 Drive productivity across all aspects of banking 🟩 Change banking jobs 🟩 Transform the client experience 👉 Read the report here: https://on.citi/3VNBO71 👀 Ronit Ghose Rob Garlick Sophia Bantanidis Prag Sharma David Griffiths
To view or add a comment, sign in
-
How might the world of finance change as AI gains traction? What does it mean for consumers, corporates, regulators? As AI-powered agents, bots and indeed beyond become prevalent, how will money and finance change? How will the underlying concepts and structures of finance be reshaped? In a bot-to-bot world, where machines transact with minimal human intervention, what will the world of money look like? See the Citi take here from our Future of Finance team, led by the irrepressible Ronit Ghose & team
NEW: Are banking #bots set to revolutionize banking? Will #AI change the future of #finance? 🤖 Find out in our latest GPS report: AI and Finance: Bot, Bank and Beyond. Discover how AI might: 🟩 Drive productivity across all aspects of banking 🟩 Change banking jobs 🟩 Transform the client experience 👉 Read the report here: https://on.citi/3VNBO71 👀 Ronit Ghose Rob Garlick Sophia Bantanidis Prag Sharma David Griffiths
To view or add a comment, sign in
-
Generative AI in banking isn’t just about innovation—it’s about transforming the way financial institutions connect, create, and deliver value. As McKinsey highlights, the key to scaling Generative AI effectively lies in selecting the right operating model—one that drives efficiency, enhances personalization and minimizes operational risks. At i-exceed, we see Generative AI as more than just a trend; it’s a cornerstone of future-ready digital banking experiences. By embedding its capabilities into our solutions, we’re empowering financial institutions to innovate with purpose, offering seamless, tailored services that meet the ever-evolving needs of customers. Ready to redefine digital banking with smarter, more seamless solutions? Let’s collaborate. Explore how i-exceed can support your transformation journey: https://lnkd.in/eJGBPact #GenerativeAI #DigitalBanking #Finance #Innovation #ArtificialIntelligence #AI #GenAI #Banking
To view or add a comment, sign in
-
In a recent Bank Director article, Q2's Vice President & Head of AI Center of Excellence Corey Gross explores how #GenAI is reshaping the financial services landscape. From personalized customer experiences to streamlined operations, Gen AI's potential is vast. Discover how financial institutions can harness #AI to unlock new opportunities and drive #innovation in the industry. 🗝 🌐 Read the full article here: https://lnkd.in/g8zpSscj. #Fintech #Banking #GenerativeAI
Unleashing the Power of Generative AI to Positively Impact the Future of Banking
share.postbeyond.com
To view or add a comment, sign in
-
The Future of Banking is Conversational, and PrajnaAI is Leading the Way Gone are the days of waiting in line and navigating complex menus. Conversational AI is transforming banking, making it faster, easier, and more secure than ever before. At PrajnaAI, we're developing cutting-edge AI assistants that can answer your banking questions, track spending, and even help you budget – all through the power of conversation. Here's a sneak peek at how conversational AI is changing banking: ➡️ Skip the branch: Bank on your time, from anywhere with an internet connection. ➡️ Security you can trust: Advanced security measures keep your data safe. ➡️ Unlock money management insights: Get personalized tips to reach your financial goals. **Is conversational AI right for you? ** Swipe through our carousel to learn more and see if it's a good fit for your banking needs. Ready to chat with your money? Talk to your bank about conversational AI options powered by PrajnaAI, and see how it can revolutionize your banking experience! #ConversationalAI #Banking #Finance #Fintech #PrajnaAI #FutureofBanking
To view or add a comment, sign in
-
In our latest article, we delve into how advanced artificial intelligence algorithms are reshaping banking and payments. According to the CITY GPS report, AI could boost global banking profits by up to $2 trillion by 2028. 📈 Discover how financial institutions are leveraging AI to enhance customer experience, mitigate risks, and drive significant profit growth. Don't miss out on this exciting transformation! Read the full article now: https://lnkd.in/exCSnpNc #AI #banking #payments #fintech #innovation #futureoffinance
To view or add a comment, sign in
-
Explore the Impact of AI in Banking! Our new post, "Revolutionizing #Customer #Service in #Banking with AI: A Comprehensive Guide," provides a deep dive into how #AI is reshaping #customer #service in the #financial sector. From seamless onboarding to managing daily transactions and securing payment processes, AI is at the forefront of innovation. Perfect read for professionals looking to stay ahead in #fintech. https://lnkd.in/d7YacYX3 #AIinBanking #FinancialInnovation #CustomerService
To view or add a comment, sign in