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AI Set to Transform Open Banking Landscape, as 74% of Banks Recognise the Potential of ...

Retrieved on: 2024-05-03 17:34:21

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AI Set to Transform Open Banking Landscape, as 74% of Banks Recognise the Potential of .... View article details on hiswai:

Summary

The article discusses how AI is revolutionizing open banking, with a majority of banks recognizing its collaboration potential. It highlights Sopra Steria and Sopra Banking Software's findings on banks' digital maturity and readiness for open banking, underscoring AI's role in enhancing revenue streams, data insights, and personalized customer services in the context of economic and digital banking trends, including challenges in Islamic finance and innovations in the US banking sector.

Article found on: thefintechtimes.com

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