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Banking

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21 Sep
2017

Posted by
Chris Monaco

Converting AI into ROI: A Banking Strategy

A few months ago we looked at Accenture’s Banking Technology Vision 2017, and of the report’s numerous highlights, those centered on AI were particularly noteworthy: Seventy-nine percent of respondents agree that AI will revolutionize the way banks gain information from and interact with customers Twenty-nine percent believe it is extremely important to offer their products/services…

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15 Jun
2017

Posted by
Chris Monaco

Highlights from PwC’s 2017 Digital Banking Survey

The third installment of this blog’s banking report series looks at the impact and trajectory of what PwC calls the omni-digital age. Whereas the EY authors took a high-level survey of global banking in 2017 and Accenture’s report a tighter evaluation of technology’s place within the industry, this piece is primarily concerned with evolving consumer…

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18 May
2017

Posted by
Chris Monaco

Accenture’s Banking Technology Vision 2017

Last month Seismic explored the findings of EY’s 2017 Global Banking Outlook—a report highlighting what the consultancy sees as five strategic priorities for banks over the next year. Here we are three weeks later, and another look at industry trends has taken the form of Accenture’s Banking Technology Vision 2017. Only this time, as the…

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20 Apr
2017

Posted by
Chris Monaco

EY’s Global Banking Outlook for 2017

With articles questioning the role of traditional bank branches, and bylines encouraging institutions to adopt AI and machine learning technologies, 2017 is considered by many to be a pivotal year for banking—a year of action and regeneration. Gauging what lies ahead for an entire industry is no easy task, but EY recently released its 2017…

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30 Mar
2017

Posted by
Chris Monaco

Three Keys to a Coherent, Consistent Corporate Narrative

Regardless of which space a financial services firm occupies—banking, asset or wealth management—creating, maintaining and disseminating an effective corporate narrative is critical to conveying a coherent, differentiating message to the market—especially one in the midst of a massive transformation—and delivering a consistent level of value and service via the statement’s users—a firm’s employees. The CEB…

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2 Mar
2017

Posted by
Chris Monaco

Are Banks the Innovators Financial Services Needs?

Recently, The Financial Brand featured a piece on the future of AI, data analytics and machine learning in banking. Quite the popular topic as of late, it seems once that glittery crystal ball touched down in Times Square, the financial services world turned its attention to the promise of budding technologies like AI. While the…

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26 Jan
2017

Posted by
Chris Monaco

The Proliferation of AI and Automation in Banking

As investigations into Wells Fargo’s systemic banking fraud continue, new findings show that retail branches were given notice of internal audits a day or three in advance of them taking place. This allowed for managers and employees to scrub, purge and modify documents and data, which, by most firsthand accounts, probably looked something like this….

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15 Dec
2016

Posted by
Chris Monaco

The Digital Transformation of Global Banking

McKinsey just released its annual review on the global banking industry, and the findings and projections within it are less than spectacular. In fact, one could say they are downright depressing. The three major factors contributing to banking’s phase of stagnant growth are low interest rates, digitization and regulation, which have been popular topics of…

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6 Oct
2016

Posted by
Chris Monaco

3 Takeaways from the ABA Bank Marketing Conference

Last week over 750 banking executives descended upon Nashville, Tennessee, for the 2016 American Bankers Association Bank Marketing Conference. Each day spent networking with and learning from industry experts at the downtown Omni Hotel brought a new set of engaging conversations, significant insights, intriguing strategies and impressive results. Starting with the ABA President and CEO…

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20 Sep
2016

Posted by
Chris Monaco

5 Topics to Follow at Next Week’s ABA Bank Marketing Conference

Starting Sunday and running through Tuesday of next week, the American Bankers Association holds its annual Bank Marketing Conference in Nashville, Tennessee. The event’s program primarily focuses on digital and social media marketing, branding, and keeping customers and employees engaged through integrated marketing. As always, it’s valuable to look at some of the latest topics…

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