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Artificial Intelligence in banks: the Adopt & Adapt strategy

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  • Mattia Schieppati

Abstract

After Governments, which mainly use Artificial Intelligence for military and security application, the banking and financial industry is among the leading sectors adopting Artificial Intelligence and machine learning. The banking sector has always generated and stored large volumes of structured data that, according to a recent McKinsey survey, can become usable and valuable through Artificial Intelligence. To be successful, Ai adoption requires not only technical skills and digital expertise but, first of all, a proactive strategy

Suggested Citation

  • Mattia Schieppati, 2018. "Artificial Intelligence in banks: the Adopt & Adapt strategy," BANCARIA, Bancaria Editrice, vol. 2, pages 78-83, February.
    • Handle: RePEc:ban:bancar:v:2:y:2018:m:february:p:78-83
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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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