HOW AI IS TRANSFORMING THE BANKING AND FINANCIAL SERVICES INDUSTRY

November 1, 2021

HOW_AI_IS_TRANSFORMING
37% of Financial Services firms globally adopt AI to
reduce operational costs AI is poised to give the banking industry an aggregate potential savings of $447 Billion by 2023 A Juniper research predicts that 90% of interactions in banks will be automated by 2022 using chatbots As per research, AI will reduce banking operational
expenditures by 22%  Automating middle-oce tasks with AI has the potential to save North American banks $70 Billion by 2025.

Spotlight

Boolers

Boolers is a Chartered firm of Financial Planners. To achieve this, we have satisfied rigorous criteria relating to professional qualifications and ethical good practice. This means you can be confident that you are dealing with one of the UK’s leading firms that is wholly committed to providing you with the best possible advice, service and support. We are a progressive, owner managed, independent business and for over 30 years have welcomed clients to our firm, offering advice in the specialist areas of pensions and investments.

Other Infographics
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These 5 factors are fueling a massive transformation in banking

Infographic | January 14, 2020

This is a preview of recent Banking research from Business Insider Intelligence. Business Insider Intelligence offers even more banking and finance coverage with Banking Pro. Subscribe today to receive industry-changing banking news and analysis to your inbox.

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State of the Fintech Industry

Infographic | December 24, 2019

Tech firms have enjoyed a deluge of funding in the last few years. As discussed in our State of Venture Capital report, 2018, in particular, was a bumper year, with a total of $254 billion invested globally into ~18,000 startups through venture capital funds—a sharp increase of 46% from 2017’s total. Figures for 2019 are not yet completely finalized, but initial reports point to a slowdown in funding levels in the first half of the year and a mild rebound in Q3.

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The next frontier in Banking transformation

Infographic | February 10, 2020

Here’s how digital security pioneer V-Key helps banks establish secure and agile digital channels, without hardware. As technology evolves, banks and financial institutions have no choice but to innovate. However, when it comes to security, many still rely on traditional, costly methods.

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FINANCE PROFESSIONALS HAVE THEIR SAY ABOUT PROCUREMENT

Infographic | January 6, 2020

Finance and procurement have complementary strengths and corresponding priorities, so working collaboratively makes sense strategically and practically. Despite this, many enterprises still have a strong disconnect between these departments. To learn more about the existing relationships between finance and procurement, we interviewed over 280 finance professionals in our sourcing sentiment survey. Our findings, bolstered by analyst insights, make a strong case for increased collaboration between finance and procurement.

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Unscrambling the U.S. Auto Debt Explosion

Infographic | December 16, 2019

Owning a car should make life much easier. But while automobiles have become a modern necessity, for others, it’s a costly amenity. This infographic, courtesy of CarPaymentCalculator.net, shows how automotive debt has grown rapidly due to rising vehicle prices, longer loan terms and consumers increasingly opting to trade in vehicles with negative equity.

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The Top Financial Centers In The World

Infographic | February 3, 2020

A number of core financial hubs are anticipated to underpin the future of finance. Although New York maintains the top spot, some executives surveyed believe that the top financial center could shift to Shanghai, Singapore, or Hong Kong.

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Spotlight

Boolers

Boolers is a Chartered firm of Financial Planners. To achieve this, we have satisfied rigorous criteria relating to professional qualifications and ethical good practice. This means you can be confident that you are dealing with one of the UK’s leading firms that is wholly committed to providing you with the best possible advice, service and support. We are a progressive, owner managed, independent business and for over 30 years have welcomed clients to our firm, offering advice in the specialist areas of pensions and investments.

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