Investing in artificial intelligence rises, however, its benefit in the real world is still developing, as many see it as an emerging technique.
While the financial sector uses artificial intelligence in one way or another for several years, the recent rise in the activity and investment related to the prosecution is to increase the focus in the range and speed in which these new technologies can be limited. According to the latest Infosys Bank Tech, Global Banks allocated 29 % of its technology budgets for Amnesty International in the third quarter of 2024, an increase of 20 % in the first quarter – a total increase in nine percentage points.
A study from IDC expects the global investment of Amnesty International in systems, services and platforms to reach $ 300 billion by 2026, prompting the annual growth rate compound by 26.5 % since 2022 – with financial services expected to explain a large share.
Among the drivers of this mutation, it can be said that the launch of ChatGPT for the year 2022. .
In this new era, ̇şbank is in the foreground. “As a pioneer in financial technology, our mission is to provide smooth and personal experiences through the strategic integration of advanced innovations,” says Sezgin Lüle, the Istanbul’s CEO, says, “As a pioneer in financial technology, our mission is to provide smooth and personal experiences through the strategic integration of advanced innovations,” says Sezign Lüle, the Istanbul’s CEO, says. “Among them, artificial intelligence emerges as an angle stone to reshape the banking sector and redefine customer experience.”
Today, Amnesty International is at the heart of ̇şBank plans.
“By enabling predictive analyzes, excessive personality services, and enhanced operational competencies,” Luel says, “Amnesty International is not just technological progress. It is a driving force to reshape the financial ecosystem.”
Another institution that leads the charge is Nubank, based in Sao Paulo. CTO Vitor Olivier says artificial intelligence enables it to obtain a leverage and provide value in a competitive scene.
“We felt from the beginning that everything would be related to large data,” says Olivier. Top wider and lower cost. “
Over the past three years, Nubank has been practicing Genai tools to interact with customers and help them better understand their financial situation. Neobank expects Amnesty International to be a growing engine for both its businesses and customers – not only in its local market. While international growth in the banking sector has passed significantly through integration and purchases, Nubank is betting that it can grow organically across the border through new low -cost platforms, allowing it to agree to more customers and more people, And provide more competitive products.
“We were born as a mobile citizen,” says Olivier. “We do not have any branches, so all the customer is strengthened by more than 100 million customers through the application.” Although the smartphone put a branch of the bank in everyone’s pocket, artificial intelligence places a banker in everyone’s pocket, provides customized visions and customers who are pushing to think about ways to generate better decisions.
“I think this is the next wave,” Olivier predicts. “It is about improving people’s lives through technology and giving them more confidence that they make the right decisions to manage their financial resources.”
Easter
Nubank has many partnerships in force, focusing mainly on operations, productivity and infrastructure, many of these partnerships with service monitors: cloud service providers who provide services such as computing and storage within the scope of the institution.
It can be said that the hyperactivity made themselves embarrassed for any extensive Amnesty International strategy. In the United States, they spent about 200 billion dollars on artificial intelligence in 2024, according to Goldman Sachs, a number expected to exceed $ 250 billion this year. For the Bank Standard Group, this is where a lot of investment focuses.
“In the end, I moved from the power of local computing to the super power of an external party, and this is probably the place where your investment will be,” says Cio Jörg Fischer. At this stage, the company measures its basic investment for Amnesty International in time instead of money.
As technology progresses, Fischer expects to become an integral part of the daily processes. However, this will be some time before the effect of artificial intelligence claims to be “deep”. Meanwhile, Standard Bank firmly focuses on improving the productivity of the “following level” that includes artificial intelligence.
“We are pushing artificial intelligence now and use it daily,” says Fischer. This means working with multiple technology sellers. It is also tense when it comes to facing the customer. He adds that human supervision should prevent artificial intelligence from operating “completely brutal” – which leads to a set of reputable risks – from errors, to moral fears, or even responsibility.
As with previous computing innovations, the benefits of artificial intelligence depend on confidence levels, which makes the pre -monotheistic test necessary. Satish Babu, the lead engineer at Standard Bank, says, in the wake of “Initial abundance”, banks address the practical issue on how to make artificial intelligence the basis for a strong set of products that meet the real customer needs.
“We are doing feasibility evaluations early in the course, to see if the idea will give us a reasonable return,” he says. “There is an unknown element until we test, but we issue quick provisions about the return on investment.
“We always look at the noise as” the art of possible “, then we create how this applies to our situation and if it is logical to us. It is certain that there is a heavy sensation about what technology can provide, and I think it will continue to do so at some point. But we are. Distance from there.
For some areas of financial services, the horizon is further. “Although we expect artificial intelligence technology to help promote returns, we do not see completely automatic investment funds in the near future,” says Hidekazu Ishida, Global Financial City Tokyo (Fincite.tokyo). “This is because good investment rulings are very self -and -unique, and the current artificial intelligence technique is not approaching.”
However, some investment managers try to use artificial intelligence.
“Just as Japanese chess players themselves are training with artificial intelligence players, box managers will increase artificial intelligence technology to collect and process information,” says Ishida. We hear that some box managers use artificial intelligence to replace research aspect of the sale. We also hear that some are trying to use non -financial data to assess the speed of management change. He adds that the quantitative tools tend to delay the change in management behavior, but artificial intelligence, as well as the creativity of the fund manager, will eventually help investors achieve higher returns.
Equal progress
The attitudes towards the promise of artificial intelligence are far from the global financial markets. Parts of the sector remain installed from artificial intelligence to achieve additional productivity gains or a competitive advantage, instead of focusing on his ability to disrupt and transform, Dennis Flynn, a strategic expert in Amnesty International and a large research fellow at the Sustainable Business Center, University of London.
“By greatly enhancing the predictive accuracy,” Flynn claims, “” artificial intelligence can be narrowed or even eliminated the chances of argument, which imposes re -evaluating the dynamics of risk bonus that supports modern markets. Those who embrace this model transformation, rather than adhering to old models They will appear as real winners.
However, for many banks, artificial intelligence is already essential for improving operational efficiency, promoting decision -making, and expanding product offers, with strategic partnerships that help them expand these advantages and fast innovation.
