Asia-Pacific banks to invest in AI, eye high returns

Accenture's Bodack said on average, banks expect double-digit gains by deploying and scaling generative AI. — Reuters

PETALING JAYA: Banks across the Asia-Pacific (Apac) region are taking investments into artificial intelligence (AI) seriously, and viewing it as a key value driver for revenue growth.

According to “the front-runners’ guide to scaling AI” with a focus on Apac’s banking sector by Accenture, a US$3bil investment over three years has been highlighted with the aim of advancing AI.