AI, startup hacks, and engineering miracles from your friends at Faraday

A big takeaway from the Symitar Fintech Panel on Practical AI Use Cases

Rob Trail on

I recently participated in the Fintech Panel on Practical AI Use Cases at the 2018 Symitar Educational Conference (SEC). It was great to see that there's a lot of excitement about AI and how it's being used by credit unions and other consumer finance organizations.

On top of that, Jack Henry did an amazing job of organizing the panel, providing valuable insights to attendees in varying stages of AI adoption by bringing together participants from companies operating in very different areas of the field.

  • Infosys consults on large-scale AI projects, helping credit unions and banks develop complex, in-house capabilities to be applied across numerous business functions.
  • Clinc specializes in advanced conversational AI, helping banks develop, train, and deploy superior conversational AI solutions.
  • Faraday, yours truly, specializes in AI-powered customer lifecycle optimization, helping credit unions, banks, and fintech platforms better understand their consumers, personalize experiences, and improve member interactions from acquisition to retention.

The big takeaway

We covered a lot, but the biggest concern in the room was how credit unions with little to no experience with AI can operationalize the right solutions quickly.

There are seemingly endless ways AI is being used by innovative consumer finance organizations. Every day, we're hearing about new, creative ways organizations are applying data science and machine learning to extract more value from their data. Frankly, it can become overwhelming for credit unions that are just getting started.

You're not going to transform every process with AI overnight (or even over the next year). Start with one or two solutions that are relatively easy to implement and will yield significant results in the short term.

If you're considering using AI to draw deeper member insights, personalize experiences, and optimize outreach, Faraday can get you up and running in 6-8 weeks. Here are a few ways to get started:


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Faraday COO joins the Fintech Panel on Practical AI Use Cases at the 2018 Symitar Educational Conference

Perry McDermott on

The Symitar Educational Conference

Symitar, a division of Jack Henry & Associates, is the recognized leader in core data processing and ancillary technology solutions for U.S. credit unions.

The annual Symitar Educational Conference (SEC) showcases industry-leading technologies through educational classes, roundtables, and tech leader panel sessions.

The Fintech Panel on Practical AI Use Cases

The Fintech Panel on Practical AI Use Cases aims to cut through all the hype about AI by exploring real-world applications of AI and how they're benefiting credit unions. Here are a few discussion points that will be covered by the panelists:

  • What is AI (beyond the textbook definition)?
  • What problems is it solving for credit unions?
  • What are the requirements for AI to work well?
  • Where is AI heading?

The panel will take place at 9:45 AM on August 30th, 2018.

The panelists

We're excited to announce that Faraday COO, Rob Trail, will join the panel to share his insights on how credit unions are leveraging big data and AI to optimize target outcomes across their member lifecycles.

Rob will be joined by Clinc VP, Himi Khan, and Infosys Senior Director of Client Services, Ponsi Sundaram. If AI is on your radar, you won't want to miss this panel.

Get the case study below to see how Mid Hudson Valley Federal Credit Union uses AI to acquire new members and personalize member experiences.


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