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AI implementation should not be viewed as a standard IT initiative with a clear end point, as the tools, algorithms, and capabilities are evolving rapidly, according to Jim Marous, publisher at The Financial Brand. Marous stated there is no finish line in modern financial marketing, emphasizing the need for continuous adaptation.
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Marous has previously highlighted how banks expanded digital platforms from support functions to key channels for customer transactions in a review of digital banking evolution. In a separate report, he found that only 9% of financial marketers were very confident in their return on investment, with 43% not measuring customer lifetime value, according to survey data on financial marketing confidence. These findings reflect ongoing adjustments in the sector’s strategy and measurement approaches.