The Rise of Generative AI in Banking and Financial Services

Date:

Jun 27, 2024

The banking industry has long been familiar with technological upheavals, and generative AI stands as the most recent influential development. This presentation will highlight the top use cases for generative AI in banking and potential unintended consequences.

Generative AI (gen AI), driven by advanced machine learning models, is ushering in a new era for the banking and financial services industries. This groundbreaking technology is revolutionizing AI and automation in banking, offering efficient solutions to streamline once time-consuming tasks.

Within financial services, gen AI holds promise for enhancing customer service, bolstering fraud prevention and detection, refining reporting practices, personalizing marketing efforts, managing risk and compliance functions, improving credit scoring, and boosting productivity through the automation of manual tasks.