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How CIOs use AI to elevate CX services

CIO Business Intelligence

Banking on AI Kavin Mistry, head of digital marketing and personalization at TSB Bank, is another executive exploring how AI and machine learning (ML) can boost CX. For every customer, we want to offer an individualized banking experience.” We’re now knocking the ball out the park when it comes to customer satisfaction.”

Banking 131
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Peer-to-peer banking - Trends in the Living Networks

Trends in the Living Networks

The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.

Banking 83
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Will financial advice be delivered primarily through Netflix-like subscription platforms?

Trends in the Living Networks

However from the advent of digital platforms, many private banks and wealth managers were surprised by the speed at which their High Net Worth clients chose to migrate to digital interfaces.

Financial 136
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The future of high-value relationships

Trends in the Living Networks

Last week I spoke at the annual meeting of a division of a major bank. My response harkened back to my first book Developing Knowledge-Based Client Relationships. While there are a number of ways in which true knowledge-based relationships create value, in financial services the heart is in helping them to make better decisions.

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Combatting digital ignorance

CIO Business Intelligence

My point here isn’t to poke fun at today’s buzziest tech terms, but to point out that the language, ensuing conversations, and general knowledge base about the most important migration in the history of humanity (i.e., Or is it the recently coined metaverse? human mathematicians) connected via telegraph.

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Sell-side banks become consultants - Trends in the Living Networks

Trends in the Living Networks

My case has largely been that financial markets salespeople need to build “knowledge-based” relationships with their clients, which requires salespeople to add explicit value to the decision-making processes of the fund managers they deal with. Free chapters) Implementing Enterprise 2.0 Free chapters) Implementing Enterprise 2.0

Banking 60
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Network Roundtable: Building Collaborative Teams - Trends in the Living Networks

Trends in the Living Networks

For the most current insights and trends in the living networks, follow @rossdawson on Twitter! Interestingly, they found no correlation between incentive schemes to support collboration and actual collaborative behaviors. Free chapters) Implementing Enterprise 2.0 Free chapters) Implementing Enterprise 2.0

Network 68