News
AI will increase productivity and reduce costs, but finance leaders need to adopt a deliberate strategy.
As technology rapidly advances, many business owners are wondering if artificial intelligence (AI) will replace traditional financial management practices.
Financial institutions are forecast to double their spending on AI by 2027
European financial leaders anticipate substantial productivity impact from Generative AI
December 12, 2023
source: channeleye.media
Leaders across Europe’s financial services sector expect Generative Artificial Intelligence technologies to deliver a windfall to productivity
Innovations in financial market surveillance are an interesting story of their own. They also have some important lessons for the future of AI oversight.
Financial Institutions Embrace Generative AI: A New Frontier in Financial Services
November 28, 2023
source: thefintechtimes.com
Generative artificial intelligence (AI) is gaining ground in the financial services sector, with nearly three-quarters of financial firms actively piloting this transformative technology, a study has
10 AI ML In Banking And Finances Trends To Look Out For In 2024
November 28, 2023
source: aithority.com
With a CAGR of 32.6% between 2021 and 2030, the worldwide AI in the banking market is expected to expand from its 2020 valuation of $3.88 billion to a total of $64.03 billion.
Financial institutions rapidly exploring the benefits of AI
November 27, 2023
source: retailbankerinternational.com
37% of financial institutions have improved or deployed AI technology in the last 12 months, rising from 30% in 2022
Finding value in generative AI for financial services
November 27, 2023
source: technologyreview.com
Financial services firms have started to adopt generative AI, but hurdles lie in their path toward generating income from the new technology.
The CFA Institute’s senior head of research outlines the risks surrounding AI’s reshaping of the finance industry and the efforts needed beyond regulation.
