As financial institutions worldwide confront intensifying economic volatility, explosive tech acceleration and the rise of digital rivals, they face an existential squeeze.
Banks must act now or risk irrelevance in an AI-accelerated future, warns new research on the future of banking by Economist Impact, supported by data and AI leader SAS.
The report – Intelligent Banking: The Future Ahead, is based on insights from 1,700 senior executives surveyed across six continents and interviews with select banking and fintech executives – offers banking players, large and small, a compass for navigating today’s digital intelligence revolution.
“A defining decade lies ahead for banking, driven by converging regulatory fragmentation, tech disruption, and escalating, interconnected risks,” said Stu Bradley, senior vice president of Risk, Fraud and…