Cognitive banking

This Point of View is the product of fruitful conversations with financial services executives around the globe. It explores the nature and scope of cognitive banking: how it fits in with the other pillars of exponential banking, and why banks should welcome this new dawn in technology. It demonstrates that the benefits of cognitive banking are limited only by the imagination and that early adopters will be well rewarded.

Go deeper and beyond the traditional boundaries of banking

Cognitive technologies will play a major role in building the bank of the future. But that future is not far away. Giant leaps have been made that enable vast amount of data to be stored, analysed and distributed in real time, or near real time. New types of algorithms also mean that machines have a greater understanding and ability to learn than was conceivable just a few years ago.  

By harnessing the power of artificial intelligence (AI) to transform how financial services are manufactured, delivered and managed, banks are able to:

  •     Enhance the customer experience
  •     Deliver new products and services that are more closely aligned to customer needs  
  •     Achieve and sustain operational excellence.

Cognitive technologies mean that the customer communications channel is always open, so products and services can be continually updated and refined to meet exact customer needs. In a cognitive bank, computers don’t just process: they learn. Every customer interaction is a learning opportunity and a bank can respond accordingly.

Ignasi Barri


Ignasi Barri Vilardell

Director of digital strategy, Global business development