Banking Transformed with Jim Marous

Transforming Banking Data into Customer Value

Feb 11, 2025
In this engaging discussion, Don Permezel, VP of Data & AI at nCino, shares his insights on how banks can transform their data practices. He highlights the rise of Agentic AI and the need for banks to rethink customer data usage. The conversation delves into the critical importance of high-quality data for personalization and the challenges of vendor consolidation. Don emphasizes the journey towards a data-driven culture and the balance between data security and accessibility, showcasing how AI can unlock true customer value in banking.
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INSIGHT

Data Abundance vs. Utilization

  • Financial institutions possess vast internal and external data.
  • They struggle to create data-driven cultures and use data for personalized solutions.
INSIGHT

Data Platform Challenges

  • Data platforms and technology require significant engineering and cleaning.
  • Integrating data expertise with banking knowledge is crucial.
ADVICE

Build vs. Buy

  • Partner with third parties for generic capabilities.
  • Retain internal expertise for unique, bank-specific problems.
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