The U.S. banking hierarchy is seeing an ever-widening divide between major national banks and smaller, local ones. Recent first-quarter financial results have highlighted this gap. Large banks, with their varied sources of revenue, seem to be well-cushioned against economic fluctuations. In
A landmark study from AI advisory firm Fifty One Degrees has revealed transformative potential for the financial sector through generative AI (GenAI). Assessing 311 tasks within 14 key industry functions, researchers found that an impressive 85% could see significant enhancements from AI
The European banking sector finds itself at a pivotal juncture, grappling with a suite of complex challenges such as economic instability and the rapid pace of technological change. In an environment marked by fierce competition and a demand for innovation, banks are under substantial pressure to
