The integration of AI is becoming increasingly crucial for financial institutions.
So far, AI has been largely used for rudimentary applications like chatbots or task automation. However, more and more businesses within the finance industry are adopting AI for more complex work.
What does this mean for banks?
We collected six use cases for AI in banking, including the potential impact and ease of integration for each case.
This infographic paints a compelling picture of how AI can transform various banking functions to help drive efficiency, accuracy and innovation.
We look at the following areas for AI in banks:
- Treasury
- Financial planning and analysis
- Accounting
- Risk management
- Compliance
- Environment, social and governance (ESG)