{"id":15952,"date":"2021-04-13T14:33:51","date_gmt":"2021-04-13T14:33:51","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15952"},"modified":"2021-04-13T14:33:51","modified_gmt":"2021-04-13T14:33:51","slug":"the-value-of-ai-in-banking","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/the-value-of-ai-in-banking\/","title":{"rendered":"The Value of AI in Banking"},"content":{"rendered":"<p>Financial institutions aiming to compete in global and regional markets need a well-rounded artificial intelligence (AI)-and-analytics capability stack comprised of 4 main layers: (1) reimagined engagement processes, (2) AI-powered decision-making, (3) enhanced core technology and data infrastructure and (4) leading-edge operating models. Properly integrated, these 4 layers work in unison to deliver value, particularly in regard to:<\/p>\n<ul>\n<li>Stronger customer acquisition processes \u2013 superior experiences that deploy end-to-end automated solutions designed to deliver highly-personalized messages at every step in the journey are increasingly important in a demand-focused market.<\/li>\n<li>Higher customer lifetime value \u2013 engaging with customers continuously and intelligently strengthens relationships across diverse products and services.<\/li>\n<li>Lower operating costs \u2013 the automation of processes makes them easier and cheaper, especially in acquisition and servicing.<\/li>\n<li>Lower credit risks \u2013 more sophisticated screening and the early detection of risky behaviors and fraud improves decision-making and lowers overall risk exposure.<\/li>\n<\/ul>\n<p>Not only are such solution a benefit to financial institutions, they are necessary to offer consumers the products and services they demand. If they don\u2019t find them at one financial institution, they will search for them at another.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15952 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Japanese banks rushing to develop cashless options'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/japanese-banks-rushing-to-develop-cashless-options\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/pexels-photo-427747-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9554\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9554'>\n\t\t\t\tJapanese banks rushing to develop cashless options\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='(Video) What in the World Are NFTs?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-what-in-the-world-are-nfts\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/04\/What-are-NFTs-CNBC-Explains-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15956\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15956'>\n\t\t\t\t(Video) What in the World Are NFTs?\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='FinTech is making financing more accessible'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/fintech-is-making-financing-more-accessible\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/fintech-is-making-financing-more-accessible-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10836\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10836'>\n\t\t\t\tFinTech is making financing more accessible\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Financial institutions aiming to compete in global and regional markets need a well-rounded artificial intelligence (AI)-and-analytics capability stack comprised of 4 main layers: (1) reimagined engagement processes, (2) AI-powered decision-making, (3) enhanced core technology and data infrastructure and (4) leading-edge operating models. Properly integrated, these 4 layers work in unison to deliver value, particularly in &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15952"}],"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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15952"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15952\/revisions"}],"predecessor-version":[{"id":15955,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15952\/revisions\/15955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15953"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}