Changing the game
Unlock the future of AI in banking with Oracle
New report data shows how artificial intelligence (AI) is revolutionizing the banking and capital markets sector. Deloitte and Oracle review the data and explain how organizations can capitalize on AI transformation opportunities to stay ahead of the competition.
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Changing the game: The impact of artificial intelligence on the banking and capital markets sector.
The impact of AI in banking and capital markets
From enhancing operational efficiency to transforming customer experiences, AI in banking and capital markets is poised to redefine the sector. These possibilities are detailed in Deloitte’s report, Changing the game: The impact of artificial intelligence on the banking and capital markets sector.
Capitalizing on AI transformation opportunities with Oracle examines the report through an Oracle lens to explore how AI, particularly Generative AI (GenAI), creates new opportunities for banks and financial institutions to improve operational efficiency, strategy development, and competitive advantages.
Data privacy and security is one of the key tenets that underpins the Oracle stack when it comes to AI, with data sovereignty being paramount. Oracle customers leverage Oracle AI and ML models, but you don’t share your data, which is really important.
Conor Colleary, Senior Vice President, Consulting, Oracle Financial Services
AI in banking: Bottom line impact
Considering a typical cost-to-income ratio profile today and expected AI benefit themes, a recent Deloitte analysis sees potential operating margin increase of AI in banking:
- 5 - 7% in 2-3 years
- 10 - 15% in 5-7 years
Everything Oracle does is auditable, meaning you can check back and see how the system arrived at it. Explainability is really what regulators are looking for, and Oracle makes you feel more confident in the output.
Christian Hagman, partner, Global Oracle Financial Services leader, Deloitte MCS Limited
