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fromBusiness Insider
2 days ago

How AI will affect jobs at banks' front, middle, and back offices, according to a 20-year banking veteran

People working at the front and back offices of banks are going to have wildly different experiences with AI, says Sopnendu Mohanty, the group CEO of the global advisory and investment firm GFTN. He told Business Insider that the disruption posed by AI will depend on whether one works in a bank's front, middle, or back office. "Front is all for the customer. The middle is all for the bank, and the back is just for processing all the activity," Mohanty said.
Tech industry
Artificial intelligence
fromTearsheet
3 weeks ago

Temenos embeds AI at the core, not just around it ft. CPO Sai Rangachari - Tearsheet

Temenos is simplifying product experience, enabling bank co-creation, and embedding AI across its core platform to deliver safe, scalable banking AI.
Artificial intelligence
fromFortune
3 weeks ago

$50B fintech CEO says stop selling AI. Customers don't care and "just want their problem solved" | Fortune

Nubank prioritizes delivering a seamless, functional banking experience, using AI as a backend tool rather than a customer-facing selling point.
Business
fromBusiness Matters
1 month ago

JPMorgan Chase named world's most AI-advanced bank for third consecutive year

JPMorgan Chase is the world's most AI-advanced bank for a third consecutive year; top banks are accelerating AI maturity and starting to realize measurable returns.
Artificial intelligence
fromBusiness Insider
1 month ago

A finance veteran says junior bankers aren't doomed - they're actually supercharged by AI

AI will boost junior bankers' productivity, enabling them to engage more clients and strengthen customer loyalty rather than replace their jobs.
Digital life
fromFortune Asia
3 months ago

Banks should stop using AI to 'fire hundreds of people'-instead, they should use it to lend to low-income clients, says GFTN's Sopnendu Mohanty

AI can facilitate loans to low-income populations by providing alternative data sources that replace the need for collateral.
fromTearsheet
4 months ago

Tearsheet Report: The AI Reality Check - Q1 2025 Edition - Tearsheet

Investment and Scale: $18 billion technology budget in 2025, with AI driving $1.5 billion in annual business value. The bank employs over 2,000 AI experts.
Artificial intelligence
Artificial intelligence
fromTearsheet
5 months ago

AI in banking: Finally getting past the demo stage - Tearsheet

Banks are rapidly adopting AI to gain competitive advantage, reflecting a shift from cautious decision-making to urgent implementation.
fromLondon Business News | Londonlovesbusiness.com
6 months ago

From application to approval: Optimising the loan process - London Business News | Londonlovesbusiness.com

The digitalization of loan applications has transformed the long-winded process into an instantaneous experience, allowing clients to receive funds within minutes.
Digital life
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