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Generative AI could boost bank revenues by 6 pc in next three years: Accenture

by AIP Online Bureau | May 1, 2024 | Data, Eco/Invest/Demography, Technology

The report also delved into the transformational effect of generative AI on different banking roles. It categorized these roles into three main groups. Approximately 41 per cent of banking occupations, primarily involving data collection and processing, have a high...
Wealth Management: Digitally empowering relationship managers key to growth of business, Accenture

Wealth Management: Digitally empowering relationship managers key to growth of business, Accenture

by AIP Online Bureau | Oct 11, 2023 | Articles, Eco/Invest/Demography, Technology, Wealth Management/ Philanthropy

“With growing investable wealth in India, banks and wealth management firms have a huge opportunity for growth. It is imperative that they digitally empower their relationship managers using generative AI and intelligent automation so they can significantly step up...
RBI selects McKinsey and Company, Accenture Solutions to use AI, ML to improve regulatory supervision

RBI selects McKinsey and Company, Accenture Solutions to use AI, ML to improve regulatory supervision

by AIP Online Bureau | Aug 13, 2023 | Banking & Bancassurance, Indian News, Regulation, Technology

The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision over banks and NBFCs. For this purpose, the central bank plans to hire external experts Mumbai: The...

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