📝 One-liners · 79 cards
Digitisation of Retail Banking Products
Data Analytics + AI — What it does / Retail-banking use-case?
What it does: Mines transaction history and spending patterns; Retail-banking use-case: Personalised product recommendation; next-best-offer engines
Self-learning systems — What it does / Retail-banking use-case?
What it does: Chatbots / virtual assistants that improve with every interaction; Retail-banking use-case: Eva (HDFC), iPal (ICICI), SBI YONO Krishna
Robotic Process Automation (RPA) — What it does / Retail-banking use-case?
What it does: Software bots automate rule-based, repetitive tasks; Retail-banking use-case: KYC verification, cheque clearing, account opening
Open Banking — What it does / Retail-banking use-case?
What it does: APIs let third-party developers plug into bank rails; Retail-banking use-case: Account Aggregator-based onboarding, neo-bank front-ends
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