The use of artificial intelligence (AI) in the financial services industry varied across business areas in 2023. According to a 2024 survey on AI trends in financial services, the business area with the highest AI adoption was operations, with a 48 percent adoption rate. Risk and compliance followed, with 45 percent.
Use cases of artificial intelligence (AI) solutions in financial services in 2023, by business area
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Other statistics that may interest you Artificial intelligence (AI) in finance
Overview
6
- Premium Statistic Main trends to impact banks in 2023, according to executives worldwide
- Premium Statistic AI adoption in organizations worldwide 2022, by industry and function
- Premium Statistic Adoption rate of AI in global finance business 2022-2025
- Premium Statistic Market size of AI in fintech 2023-2024, with forecast for 2029
- Premium Statistic Leading banks in AI adoption in Americas and Europe 2023
- Premium Statistic Global generative AI market size in financial services 2022, with forecast to 2032
Investment and spending
6
- Premium Statistic Global spending on AI 2023, by industry
- Premium Statistic Distribution of global spending on AI 2023, by industry
- Premium Statistic Spending on AI in Europe 2023, by industry
- Premium Statistic Distribution of spending on AI in Europe 2023, by industry
- Premium Statistic Financial sector AI spending worldwide 2023, with forecasts to 2027
- Premium Statistic Banking sector gen AI spending worldwide 2023, with forecasts to 2027
Impact
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- Premium Statistic Potential impact of generative AI on industry revenues 2023, by industry
- Premium Statistic Potential impact of AI as a percentage of industry revenues 2023, by industry
- Premium Statistic Potential generative AI productivity impact 2023, by business function
- Premium Statistic Potential value created by AI in the banking sector 2023, by business segment
- Premium Statistic Potential impact of generative AI in the banking sector with example use cases 2023
- Premium Statistic Benefits of AI in financial services globally 2022-2023
Use cases
4
- Premium Statistic Use of AI in financial services processes worldwide 2022
- Premium Statistic Most popular AI use cases in financial services globally 2023
- Premium Statistic Main financial services business areas with AI adoption 2023
- Premium Statistic Primary strategy of financial services companies for use of AI and ML 2023
Attitude and challenges
4
- Premium Statistic Attitude toward GenAI in the financial services industry in Europe 2023
- Premium Statistic Attitude toward GenAI in the financial services industry in the U.S. 2023
- Premium Statistic AI challenges for financial services companies worldwide 2023
- Premium Statistic Importance of AI for the success of financial services companies worldwide 2023
Further Content: You might find this interesting as well
Nvidia. (January 11, 2024). Use cases of artificial intelligence (AI) solutions in financial services in 2023, by business area [Graph]. In Statista. Retrieved June 16, 2024, from https://www.statista.com/statistics/1446225/use-cases-of-ai-in-financial-services-by-business-area/
Nvidia. "Use cases of artificial intelligence (AI) solutions in financial services in 2023, by business area." Chart. January 11, 2024. Statista. Accessed June 16, 2024. https://www.statista.com/statistics/1446225/use-cases-of-ai-in-financial-services-by-business-area/
Nvidia. (2024). Use cases of artificial intelligence (AI) solutions in financial services in 2023, by business area. Statista. Statista Inc.. Accessed: June 16, 2024. https://www.statista.com/statistics/1446225/use-cases-of-ai-in-financial-services-by-business-area/
Nvidia. "Use Cases of Artificial Intelligence (Ai) Solutions in Financial Services in 2023, by Business Area." Statista, Statista Inc., 11 Jan 2024, https://www.statista.com/statistics/1446225/use-cases-of-ai-in-financial-services-by-business-area/
Nvidia, Use cases of artificial intelligence (AI) solutions in financial services in 2023, by business area Statista, https://www.statista.com/statistics/1446225/use-cases-of-ai-in-financial-services-by-business-area/ (last visited June 16, 2024)
Use cases of artificial intelligence (AI) solutions in financial services in 2023, by business area [Graph], Nvidia, January 11, 2024. [Online]. Available: https://www.statista.com/statistics/1446225/use-cases-of-ai-in-financial-services-by-business-area/