AI in Financial Services Podcast Use Cases Driving Personal Banking Transformation with AI - with Edward Maslaveckas of Bud Financial
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Jan 27, 2025 Edward Maslaveckas, CEO and Co-founder of Bud Financial, dives into how AI is reshaping personal banking. He highlights innovative use cases that enhance efficiency and customer service. Edward discusses the challenges traditional banks face in digitizing their processes, and how fintech startups leverage new models to gain user trust. He emphasizes the impact of fintech partnerships in reducing financial stress and the evolving roles of banking professionals. With insights on the future of banking, this conversation shines a light on the transformative power of AI.
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Bud Financial's Approach
- Bud Financial analyzes banking data and enriches it with AI models.
- These models interpret human financial behavior from transaction patterns.
Digital Banking and AI
- Banks mostly offer digital products and services, despite large workforces.
- Generative AI models can augment every task, both human and digital.
Agentic Models in Finance
- Agentic AI models can perform broad financial tasks like getting a mortgage.
- They use the internet and potentially reduce the need for direct bank interaction.