- “In a recent study it was found that the Artificial Intelligence could be a near $450 billion dollar opportunity for banks.
- According to a recent study by IDC, by 2022, $5.6B is expected to be spent on AI-enabled solutions in the banking industry.
Here’s how AI will transform banking in 2020:
1. Fraud Detection and Risk Management
2. Credit Risk Assessment, Pricing, and Underwriting
3. AI Chatbots
4. Customer Engagement”