November 20179 An example: Dave is driving home, and Siri says: "Hi Dave, remember that your daughter's birthday is coming up a month. From her social media it looks like she's a Taylor Swift fan. Tickets for Taylor Swift's next concert will be going on sale next week, and since you hold an ING Visa card, you'll have access to exclusive pre-release tickets in that sale. Would you like us to purchase those for you when they're available?" But how do we get there? The first step is to adopt the open-platform philosophy. That means we have to be able to be where our customers are. At the moment, they are using social media on mobiles; tomorrow they'll be interacting using voice assistants in their homes and on their mobile devices. VoiceLabs 2017 report shows that the number of people using voice-first devices is at a staggering 87.5 percent of the entire population; the percentage is expected to grow further in the coming years. Beyond voice devices, consumers will be interacting with the next wave of wearable devices that interact with our brainwaves, our bodies, our voices, and our hand commands to create augmented reality experiences that integrate AI technologies. It will be these new platforms that carry the idea of `AI forward' to consumers. ING is working to launch services for customers on Google Home, Apple's Siri, and Amazon Echo. The bottom line is, you can and should be on every digital platform where your customers are, and you shouldn't be afraid to leave some platforms behind as you seek new opportunities. This means, businesses that focus on building architecture, should show its presence on any new platform and getting the underlying architecture right so that you can improve and scale across the board as these platforms change. The second step is to embrace the advancements of those leading in AI technologies. At the moment we're using those advancements to help us interact with our customers using natural language processing. So no matter if they ask their Google Home "Am I broke?", or if they type "How much money I've got left?" into their Facebook Messenger, we'll be able to understand and respond with what they need. These new AI capabilities are strong and are getting stronger, and you don't have to force your customers to speak your language anymore; you can talk to them in theirs. This is critical as it's another step towards empowering your customers to get ahead in a way that they control. If you have any doubt about how quickly voice technologies will catch on, watch someone interact with a natural-language enabled bot over a voice-enabled device, and see how quickly they become comfortable with that interaction. Recently, we've been trialling these with our colleagues and the reaction is truly exciting to watch.People trust us to protect their finances and information, so we must approach this cautiously, exploring how we can allow customers to opt for tools and functionalities that allow them to understand and analyse their own financial situation and choose what level of interaction they would like to provide interms of information, insights, and advice. We have to help customers solve problems, and consider banking products as commodities. Our true value and relevance will be realised when we can fully integrate AI capabilities with our data system build a model that generates insights for customers and provides solutions at relevant times The journey to AI first for banks will be a hard one, but those who act first and innovate fastest will succeed. Our customers don't need banks but they do need banking services that help them get ahead, and the future of how we do that is clearly `AI-first'. YOU CAN AND SHOULD BE ON EVERY DIGITAL PLATFORM WHERE YOUR CUSTOMERS ARE, AND YOU SHOULDN'T BE AFRAID TO LEAVE SOME PLATFORMS BEHIND AS YOU SEEK NEW OPPORTUNITIES
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