Article | FSI

Empowering the future of banking with AI

The banking industry is undergoing a massive shift as organizations work to improve the effectiveness of their operations. Global trends continue to place immense pressure on banks to accelerate insight and make more informed, data-driven decisions. Rising cybersecurity risks, high customer expectations, and mobile banking and the development of competitive applications and services such as fintech and blockchain have made it necessary for banks to innovate. Combined with exponential data growth—from sources such as transactions, customer information, customer engagements, daily operations, and workflows—banks must find ways to leverage their data to create efficiencies and realize better outcomes while maintaining high standards of security.

FSI - Industry Overview - Empowering the future of banking with AI

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