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Report finds new revenue potential in AI
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Banking
Tuesday, February 18, 2020
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A new global report on the use of artificial intelligence (AI) in financial services found that not only is AI expanding in the kinds of operations institutions use and plan to use it for, but that more companies are expecting the technology to provide new revenue potential rather than simply cost savings and efficiencies.
“The overarching findings of the study suggest that AI is expected to transform a number of different paradigms within the financial services industry,” the report stated.
Read on for details from the report regarding the greatest potential for profit from AI, as well as top areas of concern in regulation.
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