The implementation of artificial intelligence (AI) within the financial services sector has surpassed a critical threshold. Recent data indicates that only 2% of financial institutions globally report no AI usage whatsoever, signaling a decisive shift of the technology from boardroom discussions to operational reality.
New research conducted by Finastra, surveying 1,509 senior leaders across 11 markets, reveals that financial institutions in Singapore are at the forefront of this transition, actively leading the move towards full-scale AI production and deployment.