FILE PHOTO: People use DBS automated teller machines (ATMs) in Singapore March 31, 2022. REUTERS/Caroline Chia/File Photo
SINGAPORE: The head of Singapore’s biggest lender says only about half of companies in the banking industry have made sufficient progress in transforming their businesses to embrace digitalisation and artificial intelligence (AI).
“If I have to look around the landscape, I’d say maybe 50% of companies have made enough progress on that,” Piyush Gupta told Bloomberg News in an interview last Thursday.
