AI in Banking: How AI is driving innovation and competitive advantage

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The aggregate potential cost savings for banks from AI applications is estimated at $447 billion by 2023, with the front and middle office accounting for $416 billion of that total. Analysts also estimated that AI would save the banking industry over $1 trillion by 2030.

With forecasts like these, it’s no wonder financial institutions have been keen to implement AI solutions into their processes. But how exactly are banks leveraging AI to create competitive advantage, and what is the future of AI in the banking industry?

In our AI in Banking Whitepaper, learn how banks are leveraging the power of Artificial Intelligence to gain competitive advantages in a highly-regulated and competitive market. Download this whitepaper to gain insight into:

• the role AI and deep technologies are playing in the financial services sector
• the many tangible benefits AI is bringing to financial institutions
• what functions of financial institutions are seeing the biggest potential for AI solutions
• the future of AI in the banking industry