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Economist Intelligence Unit Report finds 85% of IT banking executives have a “clear strategy” to adopt AI to drive new products and services

Groundbreaking report for Temenos by The Economist Intelligence Unit uses machine-learning to analyze over 10 million online conversations about personal finance

North American bankers sense danger more than most from new entrants to their market, according to a global retail banking survey released by Temenos (SIX: TEMN), the banking software company. The Economist Intelligence Unit (EIU) report, A Whole New World: How technology is driving the evolution of intelligent banking in North America, conducted on behalf of Temenos, reveals changing customer behavior and demands as one of the biggest trends that will impact retail banking in North America.

Four in 10 Latin American bankers cite new technologies as the trend with the biggest impact on their sector.

According to a survey conducted by Temenos, around 39% of Costa Ricans still use cash to make payments and transfers.

Salvadoran challenger bank Banco Azul chose Temenos software to support its growth strategy in El Salvador, and expand its digital banking reach.

Wealth managers believe that delivering highly personalized services is essential to achieve a competitive differentiation but a third of are unable to personalized service to the degree they wish.

New technologies are more important than changing customer demands and regulation for the first time in its 6-year retail banking survey historyRetail banks’ top new proposition for innovation is building…

Digital account opening for personal banking globally edges closer to ubiquity, as now more than three quarters of personal accounts can be opened online.Mobile is now mainstream, with 50% of…

Says report released today by Temenos.