US EditionLloyds Banking Group partners with Cambridge Spark to advance AI leadership capabilities
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Explore the Role of Generative AI in Banking and Financial Sectors
The banking industry faces challenges: higher customer demands, complex fraud tactics, and large amounts of regulatory paperwork. Yet, a powerful solution is emerging. Recent studies show that 78% of financial institutions already use generative AI in some shape or form to overcome these challenges. Analysts predict it may add $200–$340 billion in value annually to the sector. This major shift highlights how artificial intelligence is a necessar…
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