insights

The finance sector commits to an intelligent future

Due to the fierce competition of fintechs, incumbents within the finance sectors are chosing for an intelligent future.

A recent report by McKinsey Global shows that the financial sector with projected growth in spending on AI in the next 3 years of 30%.

AI is slowly making its way into every industry. Security and transparency are the main concerns for every player in the finance sector and still, players are investing a lot in AI adoption. This is a logical next step if you know that banks and insurance companies are sitting on a lot of data of their customers, hence this could be used for a rich landscape for better user experience and service offerings.

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