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Unleashing the power of banks’ data with generative AI

February 16, 2024

Via: CIO

The implications of generative AI on business and society are widely documented, but the banking sector faces a set of unique opportunities and challenges when it comes to adoption.

Avanade’s latest research found that bankers view automation and efficiency as the biggest benefits of generative AI – with AI having the potential to fundamentally change customer onboarding and fraud detection, as well as automate regulation and compliance requests.

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