What is the Ai Bank of the future?

Building the AI bank of the future will allow institutions to innovate faster, compete with digital natives in building deeper customer relationships at scale, and achieve sustainable increases in profits and valuations in this new age. We hope the following articles will help banks establish their vision and craft a road map for the journey.

Can AI save banks?

The global market for AI banking technology is projected to reach just over $64 billion by 2030, and experts suggest that AI could save banks $447 billion by the end of this year. Thus, it’s no surprise that 8 in 10 banks are highly aware of the potential benefits of AI and machine learning.

How much value will AI bring to global banking?

For global banking, McKinsey estimates that AI technologies could potentially deliver up to $1 trillion of additional value each year. 2 Many banks, however, have struggled to move from experimentation around select use cases to scaling AI technologies across the organization.