{"id":13725,"date":"2019-10-01T07:15:06","date_gmt":"2019-10-01T07:15:06","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13725"},"modified":"2019-10-01T07:15:06","modified_gmt":"2019-10-01T07:15:06","slug":"artificial-intelligence-based-tools-could-help-drive-organic-deposit-growth","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/artificial-intelligence-based-tools-could-help-drive-organic-deposit-growth\/","title":{"rendered":"Artificial intelligence-based tools could help drive organic deposit growth"},"content":{"rendered":"<p>Traditional banks and credit unions have been losing the battle to attract deposits in a hyper-competitive environment. Many have attempted a number of different efforts to reverse this trend and drive organic growth; however, such efforts are often difficult to sustain and have seen mixed results at best. Some are now turning to artificial intelligence as a way to harness data analytics and deep insights, resulting in them being able to offer consumers a more personalized, enriched and financially-beneficial banking experience. Soon, it is expected that innovations stemming from artificial intelligence will not only drive deposits back to these financial institutions, they will also become the new bar for what consumers expect. Financial institutions that embrace such smart innovations now stand to benefit from more robust deposit growth as well as deeper and more long-lasting consumer relationships.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13725 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='8 steps to ensure a financial institution doesn\u2019t survive past 2030'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/8-steps-to-ensure-a-financial-institution-doesn-t-survive-past-2030\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/8-steps-to-ensure-a-financial-institution-doesn-t-survive-past-2030-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-13120\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13120'>\n\t\t\t\t8 steps to ensure a financial institution doesn\u2019t survive past 2030\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='4 key lessons traditional financial institutions need to learn from COVID-19'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/4-key-lessons-traditional-financial-institutions-need-to-learn-from-covid-19\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/08\/78eb09e5-737a-4cb9-b84c-84021c27fd8e1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15180\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15180'>\n\t\t\t\t4 key lessons traditional financial institutions need to learn from COVID-19\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='RegTech and its driving forces'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/regtech-and-its-driving-forces\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/Regtech_regulators-768x432-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-9294\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9294'>\n\t\t\t\tRegTech and its driving forces\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Traditional banks and credit unions have been losing the battle to attract deposits in a hyper-competitive environment. Many have attempted a number of different efforts to reverse this trend and drive organic growth; however, such efforts are often difficult to sustain and have seen mixed results at best. Some are now turning to artificial intelligence &hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[80,197,453],"class_list":["post-13725","post","type-post","status-publish","format-standard","","category-fintech","tag-artificial-intelligence","tag-data","tag-wealth","b_post_type-bfc-recommends"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13725"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13725\/revisions"}],"predecessor-version":[{"id":13726,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13725\/revisions\/13726"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}