Banking
The banking industry stands at the crossroads of digital transformation. Sirius AI leverages generative AI, helping banks create dynamic, real-time customer experiences, ensuring operational efficiency while maintaining stringent security protocols.
Banking industry, at the moment!
59%
of customers recently chose a financial product from a provider other than their main bank
$89 Bn
of revenues at risk between now and 2025 if card-issuing banks are slow to invest in next-gen payment options
73%
the share of US banks’ working hours which could be impacted by technologies like generative AI
8.1%
the average premium that commercial payments clients would be willing to pay their provider for value-added services
How to reinvent banking
Enhancing Customer Intimacy
- AI driven Customer Acquisition and Customer Retention
- Product Opportunity Identification
- AI powered Customer Service and Support Center
Enhancing Customer Intimacy
- ~25% increase in cross-selling and upselling opportunities due to enhanced customer satisfaction
- Improvement in customer engagement rates by more than 30%
- Achieve 70% reduction in customer waiting time due to AI-based chatbots
Improving Operational Excellence
- Data-driven insights for Fraud, AML and Risk
- Intelligent Document Processing
- Data-driven Reporting and Analysis
Improving Operational Excellence
- 50% reduction in fraud-related losses, assessing risk accurately
- Improvement in customer engagement rates by more than 30%
- Boost overall operational cost efficiency by 25%
Compliance and Operational Risk
- Streamlining Onboarding Process
- EDA for Suspicious Activity Reporting
Compliance and Operational Risk
- Save 40% of compliance costs by streamlining the operations
- 70% reduction in onboarding time
- ~20% improvement in compliance accuracy due to lesser false positives