AI has captured the imagination of financial services executives, making that industry one of the most aggressive early adopters of AI technology. McKinsey recently reported that 41% of financial services firms are devoting at least 6% of their digital budget to AI, making the sector the second most active adopter behind only technology firms. Infosys identified more than 135 potential uses of AI within a single bank.

But the journey to AI empowerment requires addressing several critical questions. What applications deliver the greatest bottom-line value? How can financial institutions ensure AI models are reliable? What will the impact of regulation be on these emerging technologies? How can AI be used to modernize the technology foundation needed to support broader deployment?

This white paper outlines several use cases that are already paying dividends in financial services and touches on strategies to limit regulatory risk and the potential use of AI in IT modernization.