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Why do AI projects in finance fail to deliver ROI? Despite the billions poured into artificial intelligence, nearly 40% of financial services CIOs admit their AI initiatives failed to achieve positive ROI in the last year. Why is this happening? It’s not about the technology itself—it’s about strategy. Success hinges on aligning AI with business goals, leveraging high-quality data, and focusing on the right use cases.
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Digital Banking Implementation Strategies: Maximizing Success with Comprehensive Training
LiveBank is not just a product anymore, it is a complete service that we offer to banks. It is not only the implementation of the solution, but also the implementation of the bank's employees and teaching them step by step how LiveBank can support them in everyday processes and how to increase the bank's results using our solution.
Key Features to Look for in Wealth Management Software
What are the key features that you need in your wealth management software? A robust security system, remote communication channels (including an app!), AI-powered product recommendations, and an AI assistant for your relationship managers. Why do you want to look for these particular features? Find it out!
The Importance of Data Security in Wealth Management Software
What is the role of data security in wealth management? It’s extremely important. Plenty of cybercriminals are targeting financial institutions right now, and wealthy individuals are a promising target. Such customers are also extremely important and more difficult to acquire; hence, you need to build trust, which can be easily broken by insufficient security.
How to Leverage Customer Feedback for Continuous Improvement in Digital Banking
How to leverage customer feedback in digital banking? Firstly, you need to find ways to collect it, and then learn through it and combine the knowledge gained this way with the data gathered in your customer relationship management (CRM) system. In this article, we shall explore this topic further – we invite you to read on.
Leveraging Cloud Technology for Secure and Scalable Wealth Management Solutions
Cloud technology for wealth management comes with a plethora of benefits. It’s scalable, so the number of your customers does not limit you; it’s more secure since cloud systems are protected by the best cybersecurity software available – one that would be too expensive in-house; it’s cost-effective – you don’t need to invest in servers and upgrade your equipment as the system grows; finally, it’s agile and reliable – you can access it on any type of machine. Do you want to learn more? Then read on!
The Future of Wealth Management: Emerging Technologies and Trends
What are the emerging trends and the future of wealth management? Firstly, a new generation of investors is approaching, which means that you need to tailor your services to the characteristics of the younger people. Secondly, sustainable investments will become more important for consumers. Thirdly, we can already see that customers want easy, simple communication via chat apps instead of meeting their advisors in person. Finally, AI is bound to be used to analyze market trends, make predictions and hence find new investment opportunities. Do you want to learn more? Then read on!