SambaNova Systems’ Post

Are Banks Obsolete in the Age of AI? 🤖💼 Conversational banking is transforming how customers manage daily activities like transferring money, checking balances, and paying bills. Hyper-personalisation delivers tailored services, driving loyalty and a competitive edge. 📈🔍“Our 'Let's Have AI for Lunch' panel with Darko Popovic, COO of Multitude Bank, and other colleagues from the Group, including Kornel Kabele, CTO of Multitude Group, and Aksels Neilands from marketing, revealed that customers now expect conversational experiences over traditional menu-based banking. Hubtype's Ultimate Guide to Conversational Banking in 2023 supports this, showing queries resolved in under 2 minutes boost satisfaction and deposit growth by 85%. 🚀💬 Multitude Bank is committed to constant innovation, revolutionizing financial services to meet the needs of today's customers. Stay tuned for more forward-thinking conversations! #Multitude #AI #Fintech #BankingInnovation #CustomerExperience #ConversationalBanking #DigitalTransformation #BankingTrends #ChallengerBank #GrowthPlatform Ferratum Global CapitalBox #WholesaleBanking

AI hallucination regulator. During the FinTech & InsurTech Digital Congress in Warsaw, Przemyslaw Koch from VeloBank S.A. shared practical insights on AI in banking. Most discussions on AI at conferences are usually abstract. But VeloBank uses a real-world solution - an AI engine with a "hallucination regulator." Depending on the query, this feature sets the AI's "hallucination" level from 0 to 10. It ensures that the AI can chat freely with clients while maintaining accuracy in critical banking operations. Kudos to the team for their cutting-edge work! 👏 How can your business implement such practical AI solutions? Let's discuss it! #Fintech #AI #CustomerService

In the latest episode of The Fintech Show we speak to Shayan Hazir, Chief Digital Officer at HSBC, Roberta Bill, Product Manager at SmartStream Technologies and Rana Bhattacharya, Chief Information and Digital Officer at Cynergy Bank to find out how they’re using AI to create efficient processes and improve customer experience. Bill lets us know how their product Air does just that, AND clears the way for better strategic analysis at the same time. https://lnkd.in/ey_raj86 #ai #banking #fintech #customerexperience

Innovating can be tough without the right partner. With Beep, we’re empowering traditional banks to stay ahead in the digital age. 🚀 Check out how we’re helping bridge the gap with neobanks! 💡 #Fintech #Innovation #DigitalTransformation #Beep

🌐 The rise of neobanks is shaking up the financial world, but traditional banks still have a key role to play. While digital-first neobanks are thriving with their seamless, personalized experiences, traditional banks bring something just as valuable: trust, security, and strong customer relationships. But to stay competitive, banks need to adapt to the new digital landscape. That’s where Beep comes in. By leveraging AI, data insights, and automation, Beep helps traditional banks offer the same innovative, personalized experiences that customers love about neobanks—while keeping the human touch that makes them unique. Check out our latest carousel to discover: - Why neobanks are gaining momentum - How traditional banks can innovate without losing their core strengths - How Beep helps bridge the gap with AI-driven solutions 💡 Ready to see how traditional and digital can work together? Let’s chat about how Beep can help your bank evolve in the digital age. #Neobanks #Fintech #AI #DigitalTransformation #Beep #FutureOfBanking

Excited to have discussed the transformative impact of AI on banking at the 2024 Technobank conference in Belgrade! 🚀 From insightful chats with CxOs from various SEE banks, it's clear that there's a significant gap between banks still fixing digital basics and those already capitalizing on first-gen AI applications. ⚡️ With bank profits soaring, now's the time to bridge these digital divides and start monetizing on innovative AI solutions. 🤖 Did you know? AI/Gen-AI innovations are already boosting bank and insurance companies revenues by 3-5% annually! 📈 #Kearney #AI #Banking #Technobank2024 #DigitalTransformation

Sharing thoughts with fellow leaders on the future of banking in the MENA region was a great and enriching experience. We discussed how leveraging data with AI can drive key decisions to enhance customer experience in the digital payments landscape within the MENA region. Nucleus Software Peter Vickery Sudarshan Seshadri Emre Yalcin Samee Zafar @Amit Malhotra #RetailBanking #CustomerExperience #AlphaOne #NucleusSoftware #Digital #AI #DigitalPayments

The largest bank in the Eurozone BNP Paribas signs deals with Mistral AI. It wants to move from a pilot phase to production/deployment. BNP Paribas has identified several GenAI use cases: ● Market research summarization ● Regulatory compliance ● Conversational AI for retail banking. In short, a large bank in a somewhat conservative industry believes there is a future for #GenAI use cases. Food for thought for those who are questioning the value of GenAI! https://lnkd.in/gZC8dDC9

AI-Driven Transformation: Discover a Global Bank's Success Story! See how an AI-first strategy is revolutionizing operations and enhancing customer experiences at a leading global bank. At Xebia, we partnered with this banking leader to create a unified AI platform that boosted operational efficiency by 65% and eliminated data silos. Leveraging our AI-first strategy, we enabled the AI-powered chatbot to manages 20% incremental inquiries without extra staff! Curious about the challenges they faced and the innovative solutions we implemented? Explore our latest case study to see how we’re reshaping the future of banking. Download the full case study now: https://okt.to/jEsBKh. #AITransformation #AI #Banking #DigitalTransformation #CustomerExperience #Xebia #FutureOfBanking #BFSI

Great insights by Imran Aftab about the role of AI in Fintech featured on MSN News. AI is fueling the progress of neobanks, these challenger banks have been disrupting traditional financial institutions with a digital-only experience. #AI is transforming banking across multiple areas, such as fraud detection, asset allocation refinement, and predictive analytics automation.   We’re excited about helping our financial customers innovate and disrupt!   🔗 Read the article here: https://lnkd.in/ehSQPJsM   Microsoft #fintechInnovation #digitaltransformation #aiinfinetch #ML