The banking industry is one of the early adopters of data analytics. With the consistent increase in data, the industry is aggressively utilizing both external and internal data sources to derive actionable intelligence to maximize the business outcomes. As today's consumers expect their bank to understand their needs proactively and present them with personalized products and services, banks can stand up to these customer expectations by using predictive analytics. To align with the market changes, banks need to employ cognitive systems and machine learning-based approaches that will allow them to identify the best response strategies. The development of interactive and role-specific dashboards can help bank's employees share predictive insights among different teams, ultimately leading to better business decisions at a faster speed. Banks can also leverage augmented intelligence to improve the decision-making. Leveraging natural language processing (NLP), artificial intelligence (AI) can understand complex queries and make recommendations to consumers.The banking sector is subject to stringent regulations that govern their day-to-day operations. AI can help banks meet the regulatory mandates by automating the key compliance processes. Apart from managing the business more effectively, banks can leverage data analytics to differentiate themselves and remain competitive in the market. To assist modern organizations in taking advantage of banking analytics, this edition of Banking CIO Outlook features a list of leading analytics solution vendors along with insightful articles from thought leaders in the banking arena. Let us know your thoughts!Copyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:phone:510.402.1463Fax:510-894-8405Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com DECEMBER - 19 - 2019, Volume 05 -11 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464Sebastian Jacobsebastian@bankingciooutlook.comVisualizerJaxon JaseIssac GeorgeManaging EditorJames RobertsonProductive Data Insights as the Growth EngineJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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