AI adoption in banking could accelerate amid regulatory pressure and client demand, but success hinges on implementation, AWS representative says
Though AI has already triggered massive lay-offs in the financial sector, industry surveys show the overall integration rate of the technology in the sector remains low.
Nandi said that based on his conversations with financial services providers, organisations were seeking ways to integrate AI into their services and provide customers with financial information as quickly as possible.
“All of these companies think about how AI can help them achieve outcomes for their end customers more quickly … and they want to do it within their existing budget,” he said.