AI is transforming the banking industry, but the expected benefits and savings come at great human cost with the impact on finance jobs. The report, a collaboration between digital bank Zopa and Juniper Research, forecasts that generative AI will deliver £1.8 billion in cost savings by 2030, driven by an equivalent level of investment. However, […] The post Zopa: AI to automate banking, threaten finance jobs appeared first on AI News.| AI News
AI is steadily changing the way banks work. The technology can sift through massive amounts of data, calculate risks, and handle routine tasks at speeds people can’t match. Now, Malaysia has entered that space with the launch of Ryt Bank, billed as the first AI-powered bank created in the country. The new venture, led by […] The post Malaysia launches Ryt Bank, its first AI-powered bank appeared first on AI News.| AI News