AI and Data for Banking from Deloitte and Google Cloud
Modernize your banking data with the cloud
In a rapidly evolving economic landscape, Deloitte’s AI and Data for Banking solution—built on the Google Cloud—helps financial services organizations leverage data analytics and artificial intelligence (AI) to augment revenue streams, stay compliant, and minimize costs.
What’s driving the need for change?
Today’s banks, credit unions, and other financial institutions have access to a wealth of data, but many aren’t realizing the value of that data due to:
- Siloed data, which limits accessibility and decision-making
- Ever-evolving regulatory requirements
- Too much manual work, which can be error-prone
- Increased competition from non-traditional players (FinTechs)
- Slow time-to-value and minimal return on investment (ROI)
Helping banks modernize
Deloitte’s AI and Data for Banking solution uses a combination of pre-configured analytics, low-code, automated solutioning, and industry-standard models on Google Cloud to help banking clients build a modern data and AI program faster than ever thought possible, while also providing:
Flexibility to migrate data from existing, legacy sources
Modularity to meet specific, customized program needs
Agility to determine precise customer segmentation and behavior analytics
Intelligence through AI and machine learning (ML) frameworks
The time is now for AI and Data
Recent Deloitte research indicates a growing interest and need among those in the banking sector for modernized data platforms.
83% of customers prefer an out of the box or prebuilt solution to handle their data.1
90% of banks prioritize ROI when buying software.1
Over $5 billion will be spent on data initiatives, 60% of which on critical data modernization.1
Endnotes
1Market Survey Data and Deloitte Catalyst External Market Research
Take a closer look at AI and Data for Banking
There’s even more to Deloitte’s AI and Data for Banking solution on Google Cloud than clients realize. Explore more insights and begin addressing your biggest data priorities now.
Google Cloud alliance
Learn more about the Deloitte and Google Cloud alliance.
