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Payments Journal 01/14/2019 13:10
For us it’s around efficiency ratios, cost per transaction and time per transaction,” said Jeff Bray, executive vice president of technology and operations at the $5.9 billion-asset Seacoast Bank in Stuart, Fla. “We’ve gone through four conversions for acquisitions in two years, and for the most part we have kept our costs flat.
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Through the AI training, Alawwal bank hopes to lead the region's financial services industry in adopting a technology estimated to contribute $320bn (11%) to the Middle East's GDP by 2030.
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Forbes 01/14/2019 02:00
There is a growing gap in AI investment and utilization between large and small banks which will enable the larger ones to garner even more market share away from the smaller ones.
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