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Is AI the Solution for the Banking Sector? (Part 2: Solution)

Tom Spencer

Before we dive into why AI is the solution for the banking sector, let’s first explore what big tech companies have in common, how many of them have grown successfully, and what banks can learn. Engagement : Systems that analyze unstructured text, image, and video data to offer customized solutions (e.g. Defining AI.

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From Banking to Consulting

CaseInterview.com

What follows is a success story I received from a reader who transitioned from banking to consulting as an experienced hire. My background: 4 years as equity analyst, MBA, 5 years in banking in equity capital markets (IPOs and such). The tips offered should be useful for those of you in similar situations.

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Video Tellers: A Boon for Customers and Banks Alike

1 to 1

One industry where customer behavior is changing rapidly is retail banking. Against this backdrop, it''s hardly surprising that average monthly branch teller transaction rates have plummeted from 11,700 in 1992 to about 6,400 as of May 2013, according to a study conducted by Financial Management Solutions Inc., 1to1Media.com/weblog.

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Ralph Hamers on Disrupting the Banking Industry

BCG

Video Tuesday, September 20, 2016. The bank’s stated purpose: “Empowering people to stay a step ahead in life and in business.” To this end, ING aims to simplify the banking experience, making its services fast, easy, and accessible.

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Bank of America Tests Peopleless Banks

MishTalk

Banks do need those services of course, but do those services have to be in every location? Will video teleconferencing suffice? Tellers, cashiers, loan officers: Who needs em? more…).

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Example Companies Involved with Behavioral Economics

Steve Shu Consulting

Lloyds Banking Group: Behavioural Economics Specialist – Digital Banking. Mercer: Personalised Pension Videos. Ipsos: Behavioral Science Principles for Better Digital Advertising. Lemonade: Lemonade Renters & Home Insurance | Protect The Stuff You Love. Microsoft: Microeconomics – Microsoft Research.

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The Long Game with Author, Speaker, Consultant, and Broadway Lyricist Dorie Clark

Consulting Matters

” A frequent contributor to the Harvard Business Review , she consults and speaks for clients including Google, Microsoft, and the World Bank. A former presidential campaign spokeswoman, Clark has been described by the New York Times as an “expert at self-reinvention and helping others make changes in their lives.”