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94% of Banks Want AI. So Why Are Only 10% Frontrunners?

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Manage episode 500921243 series 2926374
Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

With 94% of APAC bank CEOs citing AI as a key priority, the race is on to move beyond simple chatbots and pilot projects. But what separates the top 10% of "forerunner" banks from the rest, and what does it take to turn AI into a real engine for growth?

Doriss Chow, Managing Director for Financial Services at Accenture Malaysia, joins us to share insights on how leading banks are making strategic, long-term bets on AI. She discusses the most impactful use cases, from fraud management to investment advisory, and breaks down the crucial foundations required for success: a strong digital core, data maturity, and a focus on "Responsible AI."

We discuss:

  • What the top 10% of "frontrunners" banks are doing differently with AI.

  • The most impactful AI use cases in fraud, payments, and advisory.

  • The crucial foundations (tech, data, people) needed for AI adoption.

  • Why "Responsible AI" is essential for building customer trust.

  • The real ROI of AI, including faster revenue growth and better compliance.

    For leaders in the financial services industry, this is a guiding conversation to the strategies and challenges of a true AI reinvention.

See omnystudio.com/listener for privacy information.

  continue reading

3748 episodes

Artwork
iconShare
 
Manage episode 500921243 series 2926374
Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

With 94% of APAC bank CEOs citing AI as a key priority, the race is on to move beyond simple chatbots and pilot projects. But what separates the top 10% of "forerunner" banks from the rest, and what does it take to turn AI into a real engine for growth?

Doriss Chow, Managing Director for Financial Services at Accenture Malaysia, joins us to share insights on how leading banks are making strategic, long-term bets on AI. She discusses the most impactful use cases, from fraud management to investment advisory, and breaks down the crucial foundations required for success: a strong digital core, data maturity, and a focus on "Responsible AI."

We discuss:

  • What the top 10% of "frontrunners" banks are doing differently with AI.

  • The most impactful AI use cases in fraud, payments, and advisory.

  • The crucial foundations (tech, data, people) needed for AI adoption.

  • Why "Responsible AI" is essential for building customer trust.

  • The real ROI of AI, including faster revenue growth and better compliance.

    For leaders in the financial services industry, this is a guiding conversation to the strategies and challenges of a true AI reinvention.

See omnystudio.com/listener for privacy information.

  continue reading

3748 episodes

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