‘We don’t want to be in a situation where the customer is creeped out’: How Barclays US is using AI

The race to become the customer’s mobile digital banking ecosystem is getting tighter — and Barclays wants in.

The bank behind popular co-branded cards including Uber, American Airlines, JetBlue and a host of other retail partners is using customer data to suggest products and understand the root causes of customer complaints. It’s an approach large banks like Capital One and JPMorgan Chase as well as startups like Credit Karma and MoneyLion are using to push insights and recommendations that are most relevant to the customer’s spending behavior and product preferences.

The transatlantic consumer, corporate and investment bank’s U.S.-based business is also moving beyond credit cards, savings accounts and loans to launch a full-service digital bank later this year.

Digiday’s sister publication Tearsheet spoke with Mona Jantzi, managing director of strategic analytics and customer experience, to learn more about how Barclays is using data to create personalized experiences for customers.

Read the full story on tearsheet.co

https://digiday.com/?p=284732

More in Marketing

Snap’s AI play targets the advertisers tired of Meta and Google

Snap’s Ajit Mohan believes having more performance driven capabilities has the potential to put the platform into the tier one platform bracket.

Cannes Briefing: As the line between brand and studio blurs, creators hold the pen

At Cannes the ad industry comes to terms with its entertainment ambitions.