For banks, ensuring the adoption of AI technologies across the enterprise is no longer a choice, but a strategic imperative. Envisioning and building the bank’s AI capabilities is critical to succeed in an increasingly competitive marketplace.
The value generation potential by AI for banks is estimated to be USD 1 trillion globally per annum. The largest part of this value is to be found within the Marketing & Sales (e.g. product recommendations, client churn prevention) as well as Risk functions (e.g. fraud prevention).