The evolving banking landscape has pushed traditional banks to digitalize in order to cater to consumer demand for personalized and value-added services. This is especially prominent given the effects of the Covid-19 pandemic, which has driven a majority of the customer base towards digital services. Whilst many emerging technologies exist, there have been variations in adoption rates by traditional banks around the world, with trends showing that they have been generally slower to adopt these technologies. Typically, traditional banks have been rolling out their digitalization efforts conservatively, usually with a multi-channel approach. These include improving existing digital channels or ramping up efforts to launch independent digital banking businesses.

Brooklyn, New York, June 22, 2021 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the Global Artificial Intelligence in Banking Market is projected to grow at a CAGR value of 24.5% during the forecast period of 2021 to 2026. The rising launch of advanced technologies such as AI-based core banking software for retail and commercial banks, also with increasing demand for hassle-free online and mobile banking services, and the increasing trend of offering customer-centric services will drive the market from 2021 to 2026. Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on "Global Artificial Intelligence in Banking Market - Forecast to 2026"

Press release - Global Market Estimates Research & Consultants - Artificial Intelligence in Banking Market - Forecast to 2026 - published on openPR.com