ARTICLE

Mambu’s Banking Insights for Growth:
The ultimate checklist for AI success in banking
18 July 2024

As financial institutions continue to embrace digital transformation, the integration of generative AI tools can revolutionise operations, enhance customer experiences, and drive business growth.

Based on a recent panel interview with experts from Microsoft, VeriPark and GFT Technologies, we share an insider’s checklist of considerations for any organisation planning to, or looking at implementing AI tools within their financial institution.

Number 1

What’s the customer problem you’re trying to solve?

Kerim Alain Bertrand, Senior VP of Growth Western Europe at VeriPark, emphasises the importance of understanding the customer problem you're trying to solve with AI. Whether it's fraud detection, risk assessment, customer service automation, or personalised marketing, AI can bring considerable value to both customers and employees. AI is not a ‘magic potion’ so we need to be able to clearly articulate the value and the benefit.