Usage of AI in Banking Data

Banks Report Using AI to Improve Internal Efficiency

Top ways banks are implementing artificial intelligence and machine learning to improve institutional operations

44% Automate operational tasks

40% Optimize financial forecasting

37% Improve client credit decision-making

35% Identify possible cyberattacks

33% Enhance crime monitoring & fraud detection

Source: EY, “What Banking Directors Should Ask About AI and Machine Learning,” October, 2023