Alexandra Mousavizadeh stories
UK and European banks ramp up AI recruitment to boost workforce productivity, with a 12% rise in AI roles in UK banks and Deutsche Bank and Santander leading efforts.
Despite a global downturn in AI start-up investments, banks marked a 45% surge in 2023, with emphasis on bolstering regional AI capabilities.
US banks tighten grip on AI patents in finance, with a small North American elite racing ahead as European rivals fall further behind.
Nearly one-third of the world's largest banks now disclose AI use cases and ROI, with UK banks like Barclays and NatWest tripling AI references over the past year.
The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.
Banks are dedicating more resources to responsible artificial intelligence, with a 43% staffing increase, but only six clarify their approach.
Banks across North America and Europe are failing to publicly report on their approaches to responsible AI development.