According to Lloyds, two out of three financial institutions are already investing in AI. Find out why at Finextra’s inaugural NextGen: AI event in November.
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Join us on November 26 at NextGen: AI in Londonwhere we will discuss the impact and future of AI in financial services with the industry’s most prominent thought leaders.
According to LloydsAccording to the latest banking sentiment, there has been a significant change in attitude towards AI over the last year. Greater adoption and greater recognition of its benefits have led to a doubling of investments in AI in 2024 compared to 2023.
Comment Commenting on the report’s findings, Rohit Dhawan, Director of AI and Advanced Analytics at Lloyds Banking Group, said: “Artificial intelligence is rapidly reshaping the financial landscape, and what we are seeing is only the beginning .
“Growing investments by financial institutions and growing partnerships in the AI space demonstrate a clear commitment to leveraging this technology. From automating complex processes to gaining insights that improve decision-making, AI is enabling institutions to reimagine what’s possible. We are witnessing an exciting period of transformation, and it is inspiring to consider the progress ahead for the sector.
Financial institutions around the world are ramping up their operations. NatWestfor example, identified more than 100 use cases within the bank and said that 15% of the bank’s analytical models already use traditional AI.
Sandra Blaga, Head of AI Delivery Strategy and Innovation at NatWest, will appear on a sign at NextGen: AI – November 26 in London – to discuss how financial institutions can effectively deploy AI within their organizations.
Join us and over 300 thought leaders and industry peers to explore the next era of AI and how to unlock the technology’s full potential.
Learn more about NextGen: AI and sign up here.