The accelerating pace of technological change is considered by some to be the most creative and destructive force in finance (PWC), and the industry is facing great pressure to keep up. In fact, 70% of financial services leaders state that the pace of technological change as a primary concern going forward, the percentage is even higher in banking at 81% (PWC).
12% of financial institutions not using AI cited “siloed data sets, fear of failure and unclear internal ownership of emerging technologies” as main factors thwarting innovation (Forbes).
