Artificial Intelligence in Banking

Articles about how banks can use artificial intelligence, applications for AI in banking, advanced data analytics, automation and machine learning.

Despite emphasis on data and the deployment of many artificial intelligence solutions, banking is far from achieving the full benefits of AI

The competitive pressure for banks to increase use of AI is running smack into growing pushback over model bias. 'Explainable AI' can

More nuanced now, thanks to AI advances, chatbots increasingly work in concert with humans to serve customers and even train

Relying too much on chatbots for online conversations frustrates customers. A hybrid approach integrates AI technology with human

Many banking technologies leverage artificial intelligence and machine learning, but not knowing what's inside the black box can be

Chatbots can reduce bank call center workloads, but wrong ideas about the typical makeup of call and chat traffic leads to poor

Cardholders want timely insights into their spending habits. Unclear and misleading data gets in the way. Here's how to overcome

Tapping AI's banking potential has barely begun, but its impact on CX, operational efficiencies, and lending will be profound.

Personalization of banking services isn't a one-time event. It's a continuous process that only AI can deliver

A modern AI-supported loan platform can help community banks be competitive and grow, but requires care in deciding which features to

Millennials need financial help, but most banks are not set up to meet the need. Conversational AI tools can help solve that

The payments battle grows hotter as it ranges from mobile technology to digital currency to invisible payments via the internet of

The 'Great Resignation' is an ongoing challenge. Here's how banks and credit unions can insulate their call centers from the staff

Financial institutions are scrambling to jump on the artificial intelligence bandwagon. But before you leap, get your data in order.

'We need to do AI' is not a plan. Artificial intelligence can be critical to solving banking challenges, but they must be clear

With the future still undefined, banks need to rethink business models and be prepared for a permanent hybrid work

Embedded banking and IoT is leading to a 'Thing Economy' where smart devices autonomously transact and engage in commerce.

Their emphasis can be grouped into three broad trends: Using data to know customers, humanizing marketing and optimizing with

Chatbots, with some exceptions, still don't have widespread utility. But the trend points to greater integration of AI in people's

What financial institutions need to know to create the kind of consumer experience that provides a competitive edge.

Financial institutions anticipating ongoing disruption will be better prepared for future challenges and competitive

The shift to an online landscape revolutionized banking. The industry is evolving how it shares data but consumers aren't