How AI Banking will Shape the Future of Financial Services
Digital banking has completely changed the way people interact with financial services. In recent years, the world of digital banking has experienced a rapid evolution and has been embraced by most of the world. This is evident in the recent hiring of Sirisha Kadamalakalva as the Global Head of AI Investment Banking at Citibank. This move demonstrates the growing influence of artificial intelligence in the financial services industry.
- AI banking is a blend of digital and human interactions for tasks such as credit reviews and loan applications.
- AI capabilities added to the process make it entirely driven by AI.
- The new approach has the potential to enhance collaboration and co-creation in the financial services industry and provide valuable insights to users.
- The emergence of AI banking requires strong governance to protect consumers, investors, and financial institutions.
- Aaron predicts a shift towards AI/ML banking and the redefinition of “banking” by traditional companies.
- Aaron predicts expansion of financial services solutions by Cloud Wars Top 10 companies to adapt to the changing world of banking.
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