2025 will be a year of artificial intelligence in finance, except in one sector: community and regional banks. Regulatory pressure on banks, sometimes for the purpose of solving issues originating in nonbank fintechs, creates disincentives for smaller banks to develop their own AI capacity. Expect to see most financial AI next year coming from big banks or nonbanks.
Most Banks See Risk, Not Opportunity
In June, Citigroup Inc. presented a report predicting that artificial intelligence will displace more jobs across banking than any other sector. And certainly Bank of America has increased its portfolio of artificial intelligence patents and JPMorgan ...
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