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Unpacking the hype: Generative AI in banking and finance

August 22, 2023

If the surge of funding into AI and the long queue of AI patents waiting to be filed are anything to go by, then the hype is far from over. And while clouds of concern surround this topic, just as they do with anything that is new and unknown, the one thing certain about generative AI is the bullish sentiment around it.

“Unlike other technologies that have seen hype cycles, generative AI exhibits clear use cases, has led to the creation of robust solutions, and is developing swiftly. New opportunities will continue to appear. This technology is poised to be transformative across nearly every sector,” the latest Mastercard Signals report reads.

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