Science & Tech · AI · 2 hrs ago

Inter plans AI investment to improve customer experience

Inter plans AI investment to improve customer experience

Brazilian financial company Inter is investing in artificial intelligence to improve its services and technology.

CEO João Vitor Menin said the plans focus on long-term progress and keeping services convenient, affordable and safe.

He said Inter has recorded 14 consecutive quarters of record profits.

Menin described its approach as a mix of banking and technology, and said Inter currently scores about 40 on the “Rule of 50” measure.

That measure combines annual net revenue growth with return on equity, and Inter aims to reach a score of 50 by growing revenue and gradually raising its return on equity above 20%.

Menin said more customers and services, alongside slower expense growth than revenue growth, could help the company make progress.

He also pointed to economic challenges and opportunities including competitive funding, a broad customer base and diversified revenue.

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