India's largest platform and marketplace for AI & Analytics leaders & professionals

Sign in

India's largest platform and marketplace for AI & Analytics leaders & professionals

3AI Digital Library

Uncovering the facets of AI in Transaction Banking

November 21, 2021

Shireen Ali
VP – Analytics
Citi

Recent changes in the industry are accelerating the need for adoption for AI and reinventing Banking services. Banking has seen vast applications of AI across the entire spectrum of consumer banking. While consumer banking has been in the public eye w.r.t advanced analytics and AI, transaction banking has seen a relatively slow start. Despite transaction banking being a strategic contributor to overall global banking revenue pools, application and usage of AI in transaction banking is in relatively early stages as compared to consumer banking or other high-end consumer industries. Multiple changes are leading to an evolution of the transaction banking landscape today – regulatory changes, evolving customer needs, decreasing profit margins, digitization of payments, competition from non-traditional players, increased high tech financial crimes and rapid technological changes. Managing these challenges requires deeper insights on customer relationships and experience.

Login to this session to hear more from Shireen as she uncovers how AI is set to become a key differentiator for global transaction banking playing a key role in reinventing the next frontier of treasury services and provides a 360-degree view on the opportunities to leverage AI in the changing ecosystem to defend and extend client relationships.

    3AI Trending Articles

  • Cybersecurity To Remain Hot In The New Year

    Despite a pandemic that raged around the globe for the better part of the year, the cybersecurity market retained investor interest in 2020 and many in the sector expect next year to be no different. “Security is a red hot sector with more and more money pouring into it,” said Andrew Atherton, managing director at Union Square […]

  • Facebook is testing an AI-powered tool to Summarize News

    Facebook has been trying to get a foothold in the news space for many years. Last year, the company launched a dedicated section on its site called Facebook News for users in the US. It also wants to expand this program to other countries such as Brazil, Germany, and India. According to a report from […]

  • AI is changing the way doctors think about providing care

    While robots and computers will probably never completely replace doctors and nurses, machine learning/deep learning and AI are transforming the healthcare industry, improving outcomes, and changing the way doctors think about providing care. Machine learning is improving diagnostics, predicting outcomes, and just beginning to scratch the surface of personalized care. Imagine walking in to see […]

  • CES 2021 conference stress importance of security education

    Experts at the CES 2021 conference stress importance of security education The “second age” of quantum computing is poised to bring a wealth of new opportunities to the cybersecurity industry – but in order to take full advantage of these benefits, the skills gap must be closed. This was the takeaway of a discussion between […]