14.1 C
London
Sunday, May 26, 2024
HomeAIMissouri’s Central Bank taps Personetics for AI-powered money management solution

Missouri’s Central Bank taps Personetics for AI-powered money management solution

Date:

  1. Partnership Overview:
    • Central Bank, headquartered in Missouri, USA, has announced a partnership with Personetics, a provider of AI-powered financial data-driven engagement platforms.
  2. Objectives of the Partnership:
    • Central Bank aims to expand its digital financial wellness offerings for retail customers by deploying the Personetics platform.
    • The partnership will facilitate the delivery of goal-oriented savings and wellness programs, personalized financial advice, and an improved money management hub to digital users.
  3. Benefits of Personetics’ Platform:
    • Personetics’ AI-driven platform will enable the Central Bank to understand each customer’s unique needs and provide proactive guidance with personalized financial insights and advice.
    • The platform’s unified customer account aggregation capabilities will help the Central Bank compete effectively in the open banking era.
  4. Integration with Digital Transformation Strategy:
    • This partnership aligns with Central Bank’s broader digital transformation strategy, which involves transitioning legacy services to a cloud-based system.
    • The collaboration with Personetics complements Central Bank’s efforts to modernize its digital offerings and enhance customer experience.
  5. Additional Digital Initiatives:
    • Central Bank’s digital modernization push is further evidenced by its recent partnership with Tata Consultancy Services (TCS) to implement the TCS Bancs core banking system.
    • These initiatives collectively reflect the Central Bank’s commitment to embracing digital technologies and enhancing its position in the digital banking landscape.

Related stories

FE fundinfo snaps up wealth management fintech Dericon

Acquisition Details:Acquirer: FE fundinfo, a UK-based financial...

LGT in Liechtenstein taps Finastra for instant payments

Partnership Announcement:Entities Involved: LGT (private banking and...

Granola debuts an AI notepad for meetings

Taking meeting notes is a chore, so why not...

Spanish paytech PayRetailers acquires Transfeera to drive Brazilian expansion

Overview:Acquirer: Spanish paytech PayRetailers. Target: Transfeera, a Brazilian...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img