Banking's AI future: Industry executives reveal 5 lessons for responsible and profitable transformation
United States, Sept. 24 -- AI is no longer a distant promise on the banking industry's horizon. It's a present-day imperative - and banks are rising to the moment. IDC forecasts the sector's annual AI spending will reach nearly $67 billion globally by 2028, more than double the estimated $31 billion banks invested in 2024. What have finserv leaders learned so far?On the eve of Sibos 2025, a new report from SAS, From Algorithms to Impact: Banking's AI Future, presents perspectives from forward-looking executives at Banorte (Mexico), Intesa Sanpaolo (Italy), Millennium BCP (Portugal) and Old National Bank (US) - institutions proving that practical AI innovation doesn't depend on size. The report distills their insights into five essential les...
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