Five Application Scenarios of AI in Banking

“Thanks to AI, banks generate 66% more revenue from mobile banking users than when customers visit branches.
Companies that estimated their profit from Big Data analysis have reported an average increase in revenue by 8% and a reduction in costs by 10%.
ABI Research estimates that spending on AI and cybersecurity analytics will amount to $96 billion by the end of 2021.
According to an OpenText survey, 80% of banks recognize the benefits of AI, 75% of them already make use of this technology, and 46% plan to implement AI-based systems in the near future.”