- “As noted by Business Insider, 56 percent of banks have implemented AI in risk management, and 52 percent use these tools for revenue generation from new products and services.
- While 74 percent of banking executives say these technologies will transform the industry, they’re worried about barriers to effective deployment, such as growing skills gaps and increasing complexity.
- Overcoming Hurdles to AI Deployment in Banking:
- Multiple stakeholders
- Myriad processes
- Siloed data
- Managing current infrastructure”