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Five financial innovations you may have missed

Chris Skinner

I just attended an EFMA conference where the opening presentation talked about the most innovative banks in the world. The natural language interfaces combine artificial intelligence and voice recognition to provide an exceptional customer experience. These are the ones I quite liked, so it’s not exhaustive.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

Sunday Programming: consisted of a federal lobbying track, AI Summit, Small Business, Fraud, running a fintech, cannabis banking, and modernizing the banking core system. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

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Model Bank 2017: Some First Impressions

Celent Banking

Ongoing innovation in banking technology is clearly beginning to pay off, and we’ve been privileged to learn an immense amount from all of the financial institutions that took the time to tell us about their how they’ve been using technology and innovation to serve customers better, become more efficient, and mitigate risk.

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Debrief from India: It’s all about DIGITAL

Celent Banking

The clients who attended were extraordinarily open about their stories and presented extremely compelling case studies. Learning about the pricing practices of Telcos showed how much opportunity is left for banks in this space. I spoke on Customer Experience Orchestration in a Digital World.

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BMO’s Digital-First Transformation Unlocks Operational Efficiencies

PYMNTS

The system accelerates customer-conducted transactions, and helps branch staff by aggregating data instantly on the employee’s screen. BMO rolled out both the check-scanning and easy PIN authentication innovations to more than 500 branches at the end of 2019. How The Digital-First Initiative Helped BMO’s Staff.

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Is 2017 the year of digital business reinvention in financial services?

Insights on Business

In the world of digital banking, bigger isn’t always necessarily better. Australian digital-only bank UBank is aiming to disrupt the banking industry to deliver a simpler, better, smarter customer experience. Read the case study or check out the press release for more details about RoboChat.

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90 minutes a year in a branch versus 45 hours on an app

Chris Skinner

We had a great meeting of the Financial Services Club this week with guest keynote Derek White, Global Head of Customer Solutions for BBVA reporting directly to the CEO, Carlos Torres Vila. He gave an insightful presentation around how the world is changing, and how banks are moving from the age of brick to glass to air.

Big Data 270