Generative artificial intelligence has been all the rage with promises of improved efficiency and groundbreaking innovations. Within the banking industry, Southeast Asia could lead the GenAI race.
In 2024, one closely watched area across sectors will be the deployment of generative artificial intelligence (GenAI) and its effect on various operations.
Within banking, GenAI is estimated to create $200 billion to $340 billion in value – equivalent to 9-15 percent of current operating profits – according to a McKinsey report, with the risk and legal function expected to be the…
