AI: accelerator of digital transformation
Since its inception in 2021, our longitudinal Global Banking Benchmark Study has been dedicated to uncovering the shifting priorities, goals and challenges of digital transformation within the financial services sector.
This year’s survey reveals that AI dominates banks’ digital transformation plans, signaling that banks’ adoption of AI is on the brink of change. While banking leaders find digital transformation more challenging than they did when we conducted this survey two years ago—due to budget constraints, regulatory challenges and lack of operational agility—they are looking to digital to improve the bottom line.