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Report 14 Aug 2024

Leveraging Generative AI Across Banking - InBrief Analysis - Worldwide

PAC considers that generative AI holds transformative potential for the financial services industry, offering tools to enhance efficiency, improve customer service, and strengthen risk management.

 

Contents:

Management Summary

Central Banks

  • Applications of generative AI in central banking
  • Challenges in moving from PoC to production

Investment Banks

  • Applications of generative AI in investment banking
  • Challenges in moving from PoC to production

Corporate Banks

  • Applications of generative AI in corporate banking
  • Challenges in transitioning from PoC to production

Private Banks

  • Applications of generative AI in private banking
  • Challenges in scaling GenAI from PoC to production

Retail Banking

  • Applications of generative AI in retail banking
  • Challenges in scaling GenAI from PoC to production

PAC’s Recommendations

  • Recommendations for IT providers
  • Recommendations for IT users
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Spencer Izard

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