4 Critical Considerations For Implementing AI in the Banking Industry

From business innovations and media headlines to TV and movies, it seems that artificial intelligence (AI) is virtually everywhere. While still in its early stages across the financial services industry, AI adoption is expected to accelerate over the next few years. And it's expected to save companies big bucks. According to a recent study by Accenture, 77% of banks plan to use AI to automate tasks to a large extent in the next 3 three years. In addition, a recent study by Autonomous Next, indicates the potential cost savings of using AI could total $450 billion across the banking industry by 2030.