90% Financial Institutions Focus on AI, GenAI for Innovation: PwC India Report

According to PwC India, 90% of financial institutions are focusing on AI and GenAI for innovation and growth.

[{"selector":"#anim-b1f9cf7a-21a7-4fcb-bcfb-66cafa54e734","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36257368-58b1-4b58-b2de-4753d07d0424","keyframes":{"transform":["translate3d(0px, -485.06076%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-59cfdb26-120a-4dae-8fdb-1fe5c57f068f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

AI and GenAI are transforming financial services, enhancing customer experiences and operational efficiency.

[{"selector":"#anim-edf4987a-e6ad-4a19-b6b5-dcf3b0b30334","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7651ea3a-e8bc-461d-beb1-8510418cc9a3","keyframes":{"transform":["translate3d(0px, -413.85077%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b2e1e96-2e80-4901-8428-c5f734eccad3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Banks and institutions are using AI for fraud detection, personalized services, and risk management.

[{"selector":"#anim-9b523361-72b8-478e-9507-93ddd59bc47c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51fc72aa-b698-4caf-98e6-58c28faee41e","keyframes":{"transform":["translate3d(0px, -485.06076%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f3c89ea-386c-4e2e-9ee6-f501b1eb1fee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Generative AI helps financial institutions create innovative solutions for complex tasks like data analysis.

[{"selector":"#anim-86a033d2-bae3-4e33-9274-751be310f41e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-979afab1-bf2d-49c3-946c-8f31e331e26f","keyframes":{"transform":["translate3d(0px, -485.06076%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc0fc3cb-6002-4a1d-860c-ac653903d5da [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

AI adoption is growing due to its ability to streamline processes, cut costs, and improve decision-making.

[{"selector":"#anim-f5d3234d-94b6-4bb2-9235-14e96677335a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f88ec88d-a998-4f09-9d80-6044b4086ffc","keyframes":{"transform":["translate3d(0px, -485.06076%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7378d9f2-30fb-4609-b421-8698edc2c69e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Financial institutions are investing heavily in AI to stay competitive and meet evolving customer expectations.

[{"selector":"#anim-23e84682-0d43-4826-9a97-bab2ebbebe25","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ebefb9a-1890-45b9-b8f6-8339e52e312b","keyframes":{"transform":["translate3d(0px, -413.85077%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a833c57e-109d-42cd-97ca-e911c3c41798 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Challenges include data privacy concerns and the need for skilled professionals to manage AI technologies.

[{"selector":"#anim-2d425fef-8b1a-43a0-97c4-dcbe9cb3f5d5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc30ec01-216c-4b64-91cc-e8dd0837c043","keyframes":{"transform":["translate3d(0px, -485.06076%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f277bd2b-3b5e-4176-bc77-391530fd88ed [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

AI and GenAI will continue to shape the future of finance, driving innovation in products and services.

[{"selector":"#anim-4253ca2d-839d-4e8c-ba5c-504303095ee7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-769ab475-af06-48d5-9eba-5d9cbb40526f","keyframes":{"transform":["translate3d(0px, -485.06076%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9f41483-589a-4963-8daa-d40bc54c46e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Google AI Feature Turns Your Notes Into Podcasts: Limitations Revealed

[{"selector":"#anim-330ad876-0bd8-43fa-81f8-4cf5654d8a9a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-615b021b-d413-4f91-9405-fdcee9ab6ff3","keyframes":{"transform":["translate3d(0px, -587.47032%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5398c297-d0c5-4669-b81d-b1ce55e4e617 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more