Commercial Banking + Artificial Intelligence = “Andi”

January 20, 2017 Jim Young

Unless your bank is strategically located under a rock, you’ve been witness to the recent deluge of articles, blog posts and webinars touting artificial intelligence and the transformative effect it’s going to have on banking. Chances are, you’ve probably seen a few from us. Like this article in the Charlotte Business Journal. Or this podcast on the AI “digital divide.” Or this blog post on bank data and whether it’s ready for AI. (We could go on. Just check out our blog if you’d like even more AI-related content.)

In a short period of time, AI has gone from an interesting theory to a widely accepted next step for forward-thinking banks.

At PrecisionLender, that next step is Andi.

Who is Andi? She’s the newest member of our PrecisionLender team.

Actually, for our clients, Andi is really the newest member of their team – and she starts on Monday. She’ll be their ideal analyst, working with them as they price each opportunity, showing them how to make the deal work, recommending other structures and even identifying and highlighting opportunities to expand a relationship.

How does Andi do it? She uses artificial intelligence techniques to learn from the thousands of deals she works on each day with bankers and applies that knowledge to help them win more deals that work for both the borrower and the bank.

Andi’s all about improvement and she’s a very quick study.. She’ll get better with each deal she works on. In the coming months she’ll interact with bankers in richer, more meaningful ways: She’ll learn how to monitor their portfolios to find opportunities and anomalies, and how to track the competition – what their offers are and how our clients have beaten them in the past.

Want to learn more about Andi? Check out our recent webinar: PrecisionLender: 2016 Highlights & 2017 Roadmap, in which CEO Carl Ryden goes into detail about Andi’s current skills and her amazing potential.

 

 

About the Author

Jim Young

Jim Young, Director of Communications at PrecisionLender, is an award-winning writer with experience in a range of positions in media and marketing, from reporter to website editor to content marketer. Throughout his career has focused on the story – how to find it, how to understand it, and how best to share it with others. At PrecisionLender he manages the many ways in which the company shares its philosophy on banking and the power of relationships Jim graduated Phi Beta Kappa from Duke University and holds a masters degree in journalism from Columbia University.

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