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Our Money20/20 USA 2024 key takeaways

 

Our Money20/20 USA 2024 team had plenty of great conversations at the event.

Perhaps unsurprisingly, AI was front of mind for most industry peers but improving customer experience and growing deposits through personalization were also high on the agenda for many.

Here are our team's top takeaways...

money2020–usa–2024

Harry Hanley, Account Executive at Bud

Harry Hanley
Account Executive

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"AI and machine learning took center stage this year, with a big focus on using them for transaction enrichment and creating personalised financial services.

"It was shown that AI can sift through massive datasets to make products more user-focused, optimizing experiences and adding customer value."

Corey Horr, Account executive at Bud

Corey Horr
Account Executive

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"Personalization was a key topic in conversations around our booth.

"I spoke to lots of credit unions at the event. They're at different stages of their digital journeys, but it was clear that all are striving to understand their members.

"Deposits continue to be a key area of focus. I talked a lot about how Bud could help credit unions to support their members in Identifying leftover cash at the end of the month and proactively conducting outreach to drive savings/investments. This use case really resonated with the credit unions I spoke to."

Sam Overton, VP of Sales at Bud

Sam Overton
VP of Sales

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"A large number of the financial institutions we spoke to at the event are looking at utilizing AI in order to provide better personalization to their customers – however building a roadmap with iterative steps is key and not something that all of them have defined.

"In addition, while AI is the ‘hot topic’ it’s clear that the majority of financial institutions we spoke to could be doing significantly better by enriching their transaction data."

Mat-Money2020
Mat Lewis 
Head of Technical Sales (PreSales)

Connect with Mat

"My big takeaway for banks at Money20/20 USA was the need to use customer data in smarter ways to get a real sense of who their customers are. 

"By digging into data, banks can start offering more relevant products and personalized experiences that actually fit different customer groups. 

"But, to make it work, banks have to keep trust front and center. Showing customers their data is safe and being used responsibly is key."



Next stop: Banking Transformation Summit

Charlotte, NC | November 18-19, 2024

Meet with Bud at BTS to learn about democratizing data access with our no-code data analytics platform.

Bud's CEO and Co-Founder, Edward Maslaveckas, will be live on Stage 2 for a panel discussion on Banking in the AI Age on Monday, 17 November (09:30-10:10).

Meet you there?