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EY Presentation_Emergen Ce Of Artificial Intelligence In Banking_ACAEBIN June 2018[18262].pdf

EY-Presentation_Emergence-of-Artificial-Intelligence-in-Banking_ACAEBIN-June-201818262.pdf
Preview of EY Presentation_Emergen ce of Artificial Intelligence in Banking_ACAEBIN June 2018[18262]
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📊 Size: 1.85 MB
👤 Author: Andrea Dal Pozzolo
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Summary

The emergence of AI in banking is driven by rapid changes in client behavior, demographics, innovation, mobility, connectivity, technology, and attitudes. 60% of millennials and Gen Z are aging into the market, with 81% having increased smartphone proliferation and 53% always-on connectivity. The $4 trillion addressable financial services market has a flow of $24 billion to new FinTechs, with 70% of customers preferring digital presence and 65% considering customer experience a top reason to switch banks. Only 3% of potentially useful data is tagged and analyzed, with 2.5 quintillion bytes of data generated daily, and 90% of the world's data created in the last 2 years. Leveraging big data could increase operating margins by 60% and result in $65 million additional net income for a typical Fortune 1000 company.

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The emergence of AI in banking is driven by rapid changes in client behavior, demographics, innovation, mobility, connectivity, technology, and attitudes.

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  • File Format: PDF
  • File Size: 1.85 MB
  • Pages: 16
  • Language: EN
  • Author: Andrea Dal Pozzolo
  • Total Downloads: 93
  • Last Updated: 4 weeks ago

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