Digital disruption is restructuring industries and altering company operations. In today's technology-driven environment, every sector evaluates possibilities and implements new ways to create value. The banking industry too is experiencing significant changes, the most notable of which is the rise in customer-centricity. Additionally, various digital engagement trends have intensified as a result of the COVID-19 outbreak, and big-tech firms are looking to enter financial services as the next adjacency. AI makes the entire automation process intelligent enough to eliminate cyber threats and FinTech competition. AI is now embedded in a bank's daily proceedings and operations, and it continues to evolve and innovate over time without requiring significant manual intervention. AI enables banks to effectively blend human and machine skills to improve operational and cost efficiencies while also providing personalized services. AI's rudimentary applications include creating smarter chatbots for customer service, personalizing services for individuals, and even putting an AI robot in a bank for self-service. While internet banking and technological disruption have improved accessibility and customer service, hacking and cybercrime have become widespread issues. Furthermore, there are a few hurdles to adopting and implementing AI technology in banking solutions: There are challenges in integrating AI into legacy banking technologies, as well as a shortage of expertise and knowledge to precisely apply AI to banking solutions.This edition of Banking CIO Outlook brings you the story of top artificial intelligence solution providers that deliver the best outcomes for their clients. This edition also offers thought leadership articles from subject matter experts and exclusive insights from CIOs and CXOs. We hope this edition of Banking CIO Outlook's `Top 10 Artificial Intelligence Solution Providers 2022' will provide the right assistance in choosing the best artificial intelligence solution provider according to your requirements. Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com MAY - JUNE - 2022, Volume 07 - 01 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesAnnie Mathewsannie.mathews@bankingciooutlook.comVisualizerMichael WayneIssac GeorgeManaging EditorJames RobertsonReshaping the Banking Experience with AIJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
<
Page 5 |
Page 7 >