Use of Artificial Intelligence in Banking World today

  • “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.”

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