The future of artificial intelligence (AI) in banking is brighter than ever, as the adoption of AI-based solutions continues to gain pace. The potential for value creation for the financial services sector is immense, as AI could unlock an estimated $1 trillion of incremental value for banks annually, according to calculations by McKinsey & Co.…
By Gloria Methri Over half (54%) of banks in Europe and the US are planning to leverage generative artificial intelligence (Gen AI) for the shift to instant payments and other payment modernization projects, research from RedCompass Labs has revealed. The report, ‘AI in payments: The future of payments modernization?’ states that four in ten (42%)…
Sixth Street and Goldman Sachs are proud to partner with Pace University for the inaugural Pace of Fintech: Accelerating Innovation conference, a day of conversation on cutting-edge technology shaping the future of finance. Industry leaders and esteemed Pace faculty will lead discussions on automating analog markets, cloud infrastructure, cybersecurity, quants in finance, and generative AI.…