Here’s why AI transforming banking matters more today
“The technology’s versatility is such that an OpenText survey found that nearly 80% of banks already recognize the benefits of AI. 75% of financial institutes already make use of this technology, and a further 46% plan to implement AI-based systems soon.
Bank mobile apps can now incorporate AI-driven virtual assistants like Siri, using their voice and Touch ID to seamlessly perform transactions.
Banks generate tremendous amounts of data based on millions of transactions that are performed every day, but the vast volume would make informed analysis an overwhelming task for human employees.”