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Archive » February 2018 » Artificial Intelligence in banks: the Adopt & Adapt strategy

Artificial Intelligence in banks: the Adopt & Adapt strategy

Mattia Schieppati
February 2018 - n. 2
Jel codes: G21, M15

After Governments, which mainly use Artificial Intelligence for military and security application, the banking and financial industry is among the leading sectors adopting Artificial Intelligence and machine learning. The banking sector has always generated and stored large volumes of structured data that, according to a recent McKinsey survey, can become usable and valuable through Artificial Intelligence. To be successful, Ai adoption requires not only technical skills and digital expertise but, first of all, a proactive strategy.

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