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.”

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