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.