M&T Bank is introducing new technology to automate onboarding in its wealth management unit, as competition in the sector intensifies. The bank said it will use a combination of machine learning and artificial intelligence (AI) techniques to help customers identify their most important financial assets.
M&T Bank is introducing new technology to automate onboarding in its wealth management unit, as competition in the sector intensifies. The move to introduce digital onboarding is in step with one of this years trend, beyond cost savings, digital onboarding is about acquiring and retaining sought after tech-centric millennial customers.