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Connecticut community bank deploys AI-powered spending insights

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2022/07/31

AI hasn’t been a viable offering for community banks until around 18 months to two years ago, according to Bob Meara, senior analyst at Celent. Fintechs like Personetics and FIS are recognizing community banks’ financial barriers to entry into this technology and have begun directing their products down-market, he said.

Meara also noted that most customers trust that their money is safe with the bank, but few believe that the bank has their best interest at heart.

Read more via American Banker.

記事 details

Industry
Retail Banking
Media Type
News Articles
Geographic Focus
North America