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Curious about how Gen AI is changing the game? Join us at our Generative AI Symposium in New York City on September 18 as we dive into AI governance, how to manage your data, which ROI use cases you should focus on and much more. We'll have live demos all day and insurance and banking-specific tracks in the morning to help spark new ideas for your organization. Register your interest to join us in New York today > https://bit.ly/3L1zLX2 The event is for financial institutions only and geared towards those focused on insurance and banking. #AI #data #IndustryTrends

Confused about the difference between AI and Generative AI (Gen AI)? Donald Light, Principal Analyst, breaks it down in his latest blog: AI (Artificial Intelligence): "Making a Decision AI" uses data science to guide decisions, like processing insurance submissions. Gen AI (Generative AI): "Summarizing and Organizing Gen AI" generates new content from existing data, aiding underwriters by summarizing and organizing information. Final decisions are still made by humans. Both types of AI can add significant value to insurance processes, from analyzing aerial imagery for hazardous conditions to summarizing submission packages. Check out his full blog to learn how both AI and Gen AI can transform your underwriting process > https://bit.ly/3XPvaPg #AI #Underwriting #GenAI

As we continue to highlight some of our top insights from the first half of 2024, we look back at Chris Bendtsen's blog series 'WealthTech Startups to Watch'. One of the startups highlighted was Conquest Planning Inc. and how they're revolutionizing financial planning with AI. Curious to learn more? Revisit Chris' blog to dive deeper into how Conquest Planning is using AI to power financial planning decisions > https://bit.ly/3Wd6Ohc #WealthManagement #AI #FinancialPlanning

At a recent Amazon Web Services (AWS) analyst day, Patrick Wegner, Senior Analyst on our Capital Markets team, observed the growing integration of Gen AI into sensitive areas of capital markets. What does this mean for the industry? Patrick dives into Gen AI's immense potential to transform compliance and regulatory functions and the key to unlocking long-term benefits. Read more of his thoughts > https://bit.ly/3Lg4YFT #GenAI #CapitalMarkets #Compliance

We're halfway through 2024, and we're taking a look back at some of our top insights so far. At the beginning of the year, Kieran Hines, Principal Analyst, highlighted three trends to watch in Retail Banking in 2024: 1️⃣ Agility & Automation: Banks are prioritizing speed and flexibility, with a focus on intelligent automation and low-code tools to enhance customer experience and reduce costs. 2️⃣ Open Banking, Baas & Embedded Finance: With 75% of banks having a clear strategy, the open ecosystem is moving from theory to practice, driving commercial gains and regulatory support. 3️⃣ Experimentation with Gen AI: Generative AI is at the forefront, with 41% of banks testing use cases and many more planning projects. Are these trends still moving the needle in 2024? Only time will tell, but in the meantime, dive into Kieran's insights and see how these trends are shaping the future of banking > https://bit.ly/3RSLGKG #AI #OpenBanking #DigitalTransformation

InsureTech Connect Asia, the region’s largest insurance event, brought together industry leaders, tech entrepreneurs, and investors for three days of insightful discussions and trendsetting ideas. Our preconference session, "Empowering Resilient Analytics and AI/ML and Driving Transformation for Future Success," featured panels moderated by our analysts Max Ang and Nicolas Michellod, diving deep into the top trends in the insurance industry. Curious about the key takeaways? Watch both panels for an inside look into the future of insurance innovation and digital transformation > https://lnkd.in/eJdCGVjQ #ITCAsia #InsuranceInnovation #AI 

Our 2024 IT Dimensions survey shows data platforms and cybersecurity are now top priorities for corporate banking in 2024. The rise of AI has exposed data capability gaps, pushing banks to invest in robust data solutions. Colin Kerr, Principal Analyst on our Corporate Banking team, dives into how banks are scaling AI with robust data strategies > https://bit.ly/4cKEjNk #AI #DataPlatforms #cybersecurity

Our latest Tech Horizons webinar Optimizing Claims Management in P&C explores the latest functionality and technology trends shaping claims administration systems for insurers. Hear from Nathan Golia and Fabio Sarrico, analysts on our Insurance team, and discover the advanced capabilities that make solutions stand out and the technological back end that sets carriers up for success. Watch on-demand today > https://bit.ly/3zyoGtL #ClaimsManagement #insurance #TechTrends

Wealth managers are keen to understand the various aspects of CRM and data privacy to enhance client relationships while staying compliant with regulations. Ashley Longabaugh, Principal Analyst on our Wealth Management team dives deeper into the key considerations to keep in mind while navigating this complex landscape > https://bit.ly/3zobrMh #WealthManagement #CRM #DataPrivacy

The landscape of retail banking continues to evolve with new emerging approaches to branch banking. While some regions are seeing a reduction in branches, others are experiencing a rise. Curious to learn how banks are tailoring their strategies to strike the perfect balance between digital and physical channels while considering market-specific dynamics and global banking practice? Check out our parent company, Oliver Wyman's report into the global trends in branch banking and distribution > https://owy.mn/45H9Iha #EmergingTrends #BranchBanking #GlobalBanking