New Report From Evident Lifts The Lid On How Banks Are Driving Value From Ai

By Author: Orson Amiri
Total Articles: 402
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A report by Evident, a benchmarking AI platform, outlines how AI can revolutionize over 100 banking processes across five key areas. Leading banks are leveraging AI use cases to enhance income, increase efficiency, reduce risk, improve customer and staff satisfaction. The report is based on discussions with senior executives from 30 major banks and analysis of AI use cases in 50 banks' communications. It identifies 100 AI use cases across 14 core banking functions. Some banks are already reporting AI use cases and their ROI. For example, Société Générale has 340 data and AI use cases in production with an expected value creation of EUR 500m, while DBS Bank has achieved a revenue increase of over USD 100m from its 300 AI and machine learning projects.

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