Remove Banking Remove Marketing Remove Technology
article thumbnail

Banks bet on AI to deliver digital efficiencies

CIO

In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. Around 42% percent of banks rely on personalized customer journeys to improve the customer experience.

Banking 221
article thumbnail

Banks and lenders are still falling short of fully capitalizing on the AI revolution

CIO

The artificial intelligence revolution is well underway, but how ready are banks and lenders to leverage the full breadth of these capabilities? And while some banks and lenders have made these integrations to varying degrees of success, others are struggling to fully embrace this next technological chapter. The jury is out.

Banking 279
article thumbnail

Credable, a digital banking infra startup that wants to build Unit for emerging markets, gets funding

TechCrunch

Banking infrastructure providers are mainly responsible for the proliferation of such solutions. They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. million seed round. million seed round. So far, over 1.2 So far, over 1.2

Banking 217
article thumbnail

The hyperactive open banking market of Latin America: How the region is being APIfied

TechCrunch

Ximena Aleman is co-founder and chief business development officer at Prometeo , an open banking platform that serves Latin America. In 2019, API usage was more mature in the financial and e-commerce sectors, but it is now venturing into other areas such as marketing and insurance. Ximena Aleman. Contributor. Share on Twitter.

Banking 283
article thumbnail

BNY Mellon banks on AI to improve master data

CIO

Data about who owes how much to whom is at the core of any bank’s business. At Bank of New York Mellon, that focus on data shows up in the org chart too. Chief Data Officer Eric Hirschhorn reports directly to the bank’s CIO and head of engineering, Bridget Engle, who also oversees CIOs for each of the bank’s business lines.

Banking 354
article thumbnail

Should finance organizations bank on Generative AI?

CIO

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. In short, yes. But it’s an evolution. billion by 2032.

article thumbnail

Digital bank Umba raises $15M, plans to expand into three new African markets

TechCrunch

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked.

Banking 238