- “By 2023, banks are projected to save approximately $447 billion by developing and implementing AI applications. Some of the fine examples are below.
- Thanks to AI, banks generate almost 66% more revenue from mobile banking users in comparison when customers visit branches.
- There are more ways to apply AI in the finance industry. According to OpenText survey, almost 80% of banks recognize the benefits of AI, 75% of them already make use of this technology, and about 46% plan to implement AI-based systems in the near future.”