Rise

<p>Many bank employees are likely to see their daily roles replaced or augmented with AI.</p>
<p>A new analysis published by Accenture noted that the banking industry has the potential to benefit the most from AI. The consultancy firm said banks could see as much as a 30% boost in productivity by using generative AI over the next three years.</p>
<h2 class="wp-block-heading" id="the-rise-of-the-robo-banker">The Rise of the Robo-Banker</h2>
<p>However, the projected boost in productivity comes with AI automating routine tasks, which may affect the roles of bank tellers and other employees.&nbsp;</p>
<p>Per the report, only 27% of employees’ time currently has a low potential of being transformed by technology. This means that banks can deploy AI to replace or help with tasks that the employees spend most of their time working on.&nbsp;</p>
<p>For bank tellers, Accenture said up to 60% of their routine tasks, which primarily involve collecting and processing data, could be supported by generative AI. Other employees, like loan officers, may need to adapt or gain new skills and be moved to a different role, the firm said.&nbsp;</p>
<p>“There is a reinvention that is happening across banks, a way for firms to step back and re-evaluate ways of working,” said Keri Smith, global banking data and AI lead at Accenture.“Every bank needs to think through their talent strategy and how to take this technology to scale.”</p>
<h2 class="wp-block-heading" id="citigroup-ing-lead-the-charge">Citigroup, ING Lead the Charge</h2>
<p>Some of the major banks are already starting to experiment with generative AI in their operation, including Citigroup Inc., which plans to allow 40,000 of its coders to experiment with the technology by the end of March.&nbsp;</p>
<p>During the Money 20/20 fintech conference in Amsterdam, Netherlands, last year, some banks claimed to be piloting the use of AI in their work processes, including Dutch multinational banking ING Bank, which said they are exploring the use in areas like code refactoring and comms calls.</p>
<p>“We are experimenting at this stage and we don’t have necessarily anything client facing but we are using the [tech the] same as other companies, for example, code refactoring, comms calls, the other way around,” said Mariana Gomez de la Villa, an executive at ING Bank.&nbsp;</p>

Majority of Banking Tasks Could Be Transformed by AI, Report Shows

목차

Cryptopolitan_News

2024년 2월 27일에 게재된 다른 기사

Arbitrum Beats Ethereum and Solana With 119% Surge In NFT Sales, NFT Resurgence On The Horizon?

OKX launches localized platform in Turkey, expands global reach

Bitcoin Investors See Surge in Risk Appetite Amid Price Bull Run

Huobi HTX Withdraws Application for Hong Kong Crypto Exchange

Can Bitcoin Surpass Its All-Time High Before April’s Halving?

Dogwifhat Price Prediction: SOL Meme Coin WIF Soars 49% As This New Dog-Themed AI Presale Hurtles...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!