Shariq Jawaid’s Post

🏦 The banking sector is witnessing a significant investment in Artificial Intelligence, with forecasts indicating a staggering $85 billion investment by 2030. AI's impact on banking goes beyond mere competition-driven adoption, offering substantial and tangible benefits. Key points from the article: - AI facilitates customized services, enhancing customer interactions through round-the-clock support and virtual assistants. - Automation of compliance and Know Your Customer (KYC) procedures accelerates onboarding processes, leading to cost reductions (HSBC experienced a 20% increase in new customer acquisition). - AI optimizes financial guidance and enhances fraud detection capabilities, adapting to emerging threats. - Banks, particularly smaller ones, are utilizing partnerships with fintech companies to swiftly and cost-effectively integrate AI solutions. AI is rapidly evolving into a fundamental component of the banking industry, revolutionizing aspects ranging from customer service to security. Collaborating with fintech firms will play a crucial role in expediting this transformation, ensuring a level playing field for all banks. #Banking #AI #Fintech #DigitalTransformation

#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

🌐 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 🔮

🚀 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

🤖 Artificial Intelligence: Revolutionizing Banking and Fintech 💡 As the banking sector evolves, AI is playing a transformative role in enhancing operational efficiency and personalizing financial services. From AI-powered chatbots providing instant support to advanced fraud detection systems, AI is reshaping the way banks and fintech companies operate. 🚀 🔍 Key Takeaways: Efficiency Boost: Automation and AI reduce processing times, lower costs, and improve customer service. Personalization: Tailored financial products and services driven by AI algorithms strengthen customer engagement. Innovation in Fintech: AI-powered platforms are changing the landscape of lending, investing, and financial advice. At Etsah Groupe, we are at the forefront of integrating AI to help financial institutions deliver more personalized and efficient services. Learn how AI is driving the future of banking and fintech! 🌐 👉 Read the full article here to explore the advantages and challenges of AI in the banking industry. https://lnkd.in/eJj6rFTx #AI #Fintech #Banking #DigitalTransformation #Automation #EtsahGroupe #Innovation #CustomerExperience

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

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

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?"

Check out Glia's guest blog about the transformative impact of artificial intelligence in banking. Learn essential tactics for using AI responsibly to improve customer experience, streamline processes, and foster innovation in banking. Responsible AI enables banks and credit unions to maximize AI's advantages while managing risks linked to #GenAI. Stay competitive in fintech with responsible AI. For more, read the complete article. #ArtificialIntelligence #BankingTechnology #AIinBanking #UserExperience #Innovation #FinancialInstitutions