We also discuss the winning AI strategies used by financial institutions so far, and provide recommendations for how banks can best approach an AI-enabled digital transformation.Capital One, Citi, HSBC, JPMorgan Chase, Personetics, Quantexa, and U.S. BankFront- and middle-office AI applications offer the greatest cost savings opportunity across banks.
AI is also being implemented by banks within middle-office functions to detect and prevent payments fraud and to improve processes for anti-money laundering and know-your-customer regulatory checks.
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