Kasisto, Inc.’s Post

https://lnkd.in/dRj3gxHH 💡 Embrace the Power of AI: Time for Banks to Innovate In-House! 💡 Hey LinkedIn Community! The financial industry is at a pivotal moment. With the rapid advancements in AI, banks now have a unique opportunity to revolutionize their operations and customer experiences by developing in-house solutions. Here’s why making the shift from vendors to in-house AI solutions is the game-changer we’ve all been waiting for: 🚀 Unleash Innovation: Building in-house AI solutions allows banks to tailor innovations precisely to their needs. This fosters creativity and agility, enabling them to stay ahead of the curve and respond swiftly to market changes. 🔒 Enhanced Security: Data security is paramount in banking. By developing AI solutions internally, banks can ensure stricter control over their data and significantly reduce security risks associated with third-party vendors. 💰 Cost Efficiency: In the long run, investing in in-house AI capabilities can lead to substantial cost savings. Banks can avoid hefty vendor fees and customize their AI solutions to optimize operational efficiency and customer satisfaction. 🌟 Competitive Edge: Owning AI technology means having the flexibility to innovate continuously. Banks can differentiate themselves by offering unique, cutting-edge services that cater directly to their customers’ evolving needs. 🛠️ Skill Development: Building AI solutions internally also means investing in your talent. Empowering your teams with the skills to develop and manage AI technologies not only drives innovation but also attracts top talent eager to work at the forefront of fintech. Let’s harness the potential of AI to transform the banking industry from within. It’s time for banks to take control, innovate fearlessly, and lead the charge into a smarter, more efficient future! #AI #Innovation #Fintech #Banking #InHouseSolutions #DigitalTransformation #FutureOfBanking

🚀 Exciting times in fintech! Opus CEO Praveen TM shares insights on driving transformation in banking through AI. Innovation isn't just an option; it's a necessity to stay ahead. Read more about AI's impact on banking here. #AI #Banking https://lnkd.in/gNhwDW2Y

With AI adoption accelerating, the banking sector is at a critical juncture. Banks are projected to invest $85 billion in AI by 2030, but is this driven by true value or just FOMO? Roman Eloshvili, CEO of XData Group, suggests it’s far from a passing trend. AI offers tangible benefits, from personalized customer service to streamlined compliance and powerful predictive analytics. By enhancing security and enabling faster, more flexible client solutions, AI is set to become a cornerstone of banking. Moreover, partnerships between banks and fintechs will be vital to implementing AI solutions, helping smaller banks stay competitive. As AI continues to reshape the industry, it’s clear: the future of banking is smart, secure, and data-driven. #Banking #AI #Fintech #Innovation #FutureOfFinance

Appreciate Alkami Technology's continued partnership with Glia on both the though leadership and the technology front -- lots of mystification around the How's/Why's/When's of AI... "New technologies always bring unforeseen issues, and AI in banking has shown potential pitfalls, such as rogue responses, unreliable data, and data privacy concerns. How can bankers effectively maneuver the AI landscape to leverage the impactful opportunities and compete effectively while mitigating the sizable risks?"

Transforming Banking with AI: Insights and Innovations 🌟 According to this McKinsey & Company report, generative AI is set to revolutionize the banking sector, potentially adding between $200 billion and $340 billion annually through increased productivity. At AgentifAI, we are at the forefront of this transformation, offering advanced AI assistants that enhance customer service and operational efficiency. Key insights from the report: 1. Efficiency and Innovation 🏦 Generative AI can supercharge customer-facing chatbots, streamline time-consuming tasks, and even prevent fraud. This aligns perfectly with AgentifAI's intelligent digital assistants, designed to automate customer care activities efficiently and humanely. 2. Centralized AI Models 🚀 McKinsey highlights that over 50% of leading financial institutions have adopted centralized AI operating models, which are proven to be more effective in scaling AI initiatives. AgentifAI's solutions are designed to integrate seamlessly within these centralized models, ensuring rapid deployment and maximum impact. 3. Productivity Boost 💪 By adopting generative AI, banks can achieve a 2.8 to 4.7 percent increase in total industry revenues. Our AI-powered solutions help banks tap into this potential, driving significant productivity gains through automated, intelligent customer interactions. Learn more about how we can transform your banking operations by dropping a 🚀 in the comments below - and we'll message you our success stories and how you can implement them in your organization. #AI #Banking #Innovation #DigitalTransformation #CustomerService #Productivity

#AI in #banking – is it a game-changer or just the latest trend? 🤔 This article makes you really think about how AI is already making a huge difference in the industry, from personalizing services to improving security. I’ve been seeing more and more how banks are investing in AI, not just to stay ahead but to actually provide real value to customers. It’s fascinating how #fintech partnerships are helping smaller banks catch up without the huge costs. But it also raises a BIGGER question: are banks adopting AI because they believe in its long-term potential, or because they’re just trying to keep up with the competition? What do you think? Worth the read if you’re curious about where the banking world is headed.👇 #Innovation #DigitalTransformation

As the banking sector undergoes an unprecedented transformation, C-suite executives and industry leaders are scrambling to understand the rapidly evolving landscape. This new research sheds light on the key factors that will shape the future of banking, with AI and open finance leading the charge. https://lnkd.in/eXsXVzSK #digitaltransformation #AI #banking

🌐 The role of AI in banking: A game changer or just another fad? 🤔 💡 Artificial Intelligence is rapidly transforming industries across the globe, and the banking sector is no exception. I recently came across an insightful article on The Fintech Times that delves into this very topic. 📊 The article explores the potential of AI to revolutionise banking, from enhancing customer experiences to improving risk management. But it also raises an important question: Is AI truly a game changer for banking, or is it just another passing trend? 🔗 Check out the article here: https://lnkd.in/dmW2g7Fg 🗣️ I'd love to hear your thoughts on this! How do you see AI shaping the future of banking? Is it living up to the hype, or are we still in the early stages of its potential? #AI 🤖 #Banking 🏦 #Fintech 💳 #Innovation 🚀 #Technology 💻 #FutureOfBanking 🔮

Deploying AI in banking and fintech is crucial for future-proofing these industries. The insights in this article highlights the importance of transforming AI projects from concept to production, with a focus on data-driven architectures, operational automation, and enhancing human interactions. The emphasis on practical implementation strategies addresses common challenges in AI deployment, ensuring financial institutions can leverage AI for improved efficiency, compliance, and customer satisfaction. This strategic approach supports technological advancement and positions banks to lead in the digital era. #banking #fintech #AI

Mastering the rapid deployment of AI is imperative for banking sectors. Chris Brown, Intelygenz will be sharing valuable insights at FinovateSpring next week! Join us in hearing his keynote speech and learn more about digital transformation. Dive in here for a sneak peek of what’s to come! 👉http://spr.ly/6042dnO7A #AI #digital #transformation #banking #Finovate