Developed in response to the need to improve responsiveness and agility in banking institutions, ArcOne’s AI framework was developed to automate key banking processes, enabling product managers and sales teams to move more quickly as the market changes.
In traditional workflows, annual repricing processes can consume months of capacity in a commercial bank’s product and relationship management teams. ArcOne’s AI-driven approach transforms this by enabling real-time, on-demand access to data through natural language processing, converting questions into SQL commands going into the business’s data resources and generating instant, actionable reports from the results of those searches.
This capability relies on two important underlying ingredients: first, externalizing data traditionally locked in the banking core through a tailored data fabric strategy; and second, a standardized view of architecture and data definitions which enables AI tooling to seamlessly access necessary data.
The use of pre-defined service domains and business capabilities established by the BIAN framework enables this for ArcOne, significantly improving the efficiency, speed, and compliance of innovation. One customer reports that ArcOne’s AI platform has enabled the bank to immediately grow its commercial portfolio by leveraging proactive, predictive, and prescriptive insights.
“This platform demonstrates how a clearly rationalized model like the BIAN standard can be an essential enabler for transformative innovation in business workflows” – John Andersen, VP, AI Products & Sales
