- Advertisement -
Home News Brazilian banks pioneer in artificial intelligence planning

Brazilian banks pioneer in artificial intelligence planning

- Advertisement -

The plenty of Brazilian banks that see artificial intelligence (AI) as an imperative need is higher than many mature markets, as demonstrated by investigating.

According to GFT Technologies’ Digital Banking Expert Survey, about 30% of local institutions judge AI playing a vital role in their innovation plans.

RELATED POST:  SOPHIA THE ROBOT’S CO-CREATOR SAYS THE BOT MAY NOT BE BONAFIDE AI, BUT INSTEAD IT IS A PEARL

By analysis, 23 percent of area firms in the UK and Mexico judge AI to be pivotal in their technique, while just 17 percent of US banks see the innovation as a vital part of their overall plans, the investigation from the financial services vendor says.


The survey comprises 285 professionals from small to large retail banks situated in Brazil, Germany, Italy, Mexico, Spain, Switzerland, the UK, and the US.

The unique applications of the artificial intelligence such as automating customer service and achieving greater customer engagement may grab the attention of the Brazilian firms. In spite of it, till now the country is struggling with issues including, infrastructure, lack of qualified manpower, and effective partnerships with AI vendors.

ALSO READ:  PIRACY SITE FINED FOR $ 4.8M AGAIN, BY THE COURT

Bradesco, a banking giant, can be considered the highest-profile supporter in Brazil and has been guiding IBM’s Watson for over a year. In the starting of this year, it has been announced by the bank to make its Watson based artificial intelligence system available to the end customers.

The platform, named Bradesco Inteligência Artificial, or BIA, had quite recently utilized inside to answer client requests. With the extra customer standing up to value, the bank plans to allow clients to do endeavors, for transfers, payments, and mobile phone top-ups by interacting with a Watson-powered chatbot.

- Advertisement -
- Advertisement -

Must Read

Duffl: The Delivery Service You Didn’t Know You Needed

If there was ever a time when fast and no-contact delivery was needed, a global pandemic would definitely hit the mark. However, when UCLA...
- Advertisement -

Best places to buy furniture in Mumbai

Mumbai is one of the most densely populated cities and is also one of the four metropolitan cities in India. Mumbai is home to...

The 5 Types of Business Transformation

The performances & activities of all businesses are affected significantly due to various aspects. These are competitive pressure, globalization continuous innovation & digital revolution....

What is SEO Gold Coast? Why is it important?

You must have heard many times that Search Engine Optimisation (SEO) is a vital digital marketing tool, but if you have a basic understanding...

Related Category Posts

Types of Businesses Need Mobile Archiving Services

Mobiles are fast taking over the corporate world as the go-to form of communication. Everything from sending emails to receiving calls is done via...

What are the 4 Ps of Marketing – Marketing Mix

If you have started a new business, it is important to market your products or services properly. There are numerous strategies applied by different...

How to make a great first impression at work

You may perhaps want to know the secret to achieve sure success at work. Creating good first impressions is very much important especially if...

3 Ways to Make Sure a Candidate’s Resume is Truthful

Unfortunately, it’s a simple fact of the business world: people lie on their resumes. As a small business owner or hiring manager, it’s important...

How to Start Your Own Local Moving Company

If you’re looking for a lucrative and flexible side hustle or considering starting a business with minimal overheads, there are few ideas better than...
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Select Language »