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

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience.

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5 Ways Credit Unions Can Be More Resilient with AI and Analytics

FICO

With more financial institutions focusing on customer experience (your competitive advantage), don’t take your member relationships for granted and continuously look for ways to improve and offer your members more. Make the Most of Your Unique Competitive Advantages. That’s an embarrassing statistic.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. GenAI is seeing varied use cases in banking.

Examples 221
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CEO Interview: Jumio’s Stephen Stuut

Fintech Labs Insights

Stuut: To enable these markets to foster, regulations are being put in place that force compliance with KYC and address AML. Stuut: Jumio replaces laborious and unreliable systems including knowledge-based authentication (KBA), inferred verification, and in-person verification by untrained individuals.