Banks to Lead Digital Transformation with AI - CIOL

Money matters to people and businesses alike and banks are the institutions which help them sense, comprehend and act in terms of making monetary decisions wisely. Banks have been there for us in times of need and have evolved themselves from time to time, transforming from a traditional paper-ledger based to computerized core banking. Today, this industry has ushered in the facilities of the internet and mobile banking for the consumer. There is no other sector that is more focused on adopting innovative technologies like Artificial Intelligence (AI), as much as banks. Literally, every consultancy has derived their own research citing how AI would be the next big thing in banking and they're all bullish on its prospects.