Report: A new horizon for financial services powered by generative AI

Generative artificial intelligence (Al) is making headlines on a daily basis. Economists are estimating that it could add up to $20 trillion to global GDP by 2030. Frontrunners in banking and capital markets are announcing pilots and moving into production with generative AI-powered tools. Given all this potential, you are likely thinking about developing a generative Al blueprint to remain competitive.

To help financial institutions continue to plan their journey, AWS commissioned Celent to develop this report, which defines three distinct generative Al adoption waves in banking and capital markets, and identifies strategies for navigating each.

Based on conversations with GenAI tech innovators, Financial institutions in the adoption vanguard, and historical tech adoption curves, Celent anticipates that GenAI adoption will occur over three waves (2024-2027, 2028-2033, and 2034+), with each wave encompassing specific drivers and outcomes. Drivers include both accelerators and impediments.

Read this report to:

- Be informed about factors influencing generative AI development and adoption
- Develop a strategic plan to harness generative AI at the use case level along your value chains
- Make sound prioritization decisions

As generative AI's potential for financial services crystallizes, this framework aims to distinguish hype from reality and help guide your successful implementation. Download this analyst report now to learn more.

Vendor:: Amazon Web Services
Posted:: May 16, 2024
Published:: May 16, 2024
Format:: PDF
Type:: White Paper

Already a Bitpipe member? Log in here

Download this White Paper!

Corporate Email Address:
You forgot to provide an Email Address.

This email address doesn’t appear to be valid.

Please provide a Corporate Email Address.

This email address is already registered. Please log in.
First Name:
You forgot to provide your first name.
Last Name:
You forgot to provide your last name.
Company Name:
You forgot to provide a company name.
Job Title:
You forgot to provide a job title.
Seniority:
You forgot to select your seniority.
Job Function:
You forgot to select your job function.
# of employees:
You did not select the number of employees at your company.
Industry:
You did not select which industry you are in.
Sub-Industry:
You did not select which industry you are in.
Address 1:
You did not provide a full local address.
Address 2:
City/Town:
You did not provide a full local address.
Country:
You did not select the country you are from.
State/Province:

You did not provide a full local address.
Zip/Postal Code:
You did not provide a full local address.
Phone:
You forgot to provide a phone number.

This phone number format is not recognized. Please check the country and number.
- I agree to TechTarget’s Terms of Use, Privacy Policy, and the transfer of my information to the United States for processing to provide me with relevant information as described in our Privacy Policy.
Please check the box if you want to proceed.
- I agree to my information being processed by TechTarget and its Partners to contact me via phone, email, or other means regarding information relevant to my professional interests. I may unsubscribe at any time.
Please check the box if you want to proceed.