AI: Banking's Trillion Dollar Shot

Asian banks are pushing artificial intelligence solutions with good reason. A new report claims that banks could save more than $1 trillion by implementing advanced technology solutions. Banks and financial services companies could wipe as much as 22 percent from their operating expenses by adopting artificial intelligence (AI) solutions. This is the finding of «Machine Intelligence and Augmented Finance», a report compiled by financial research firm Autonomous. With smartphones underpinning the finance industry's tech push, Asia will likely see exponential growth in AI-based solutions.