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Transparently sourced data in visual form, perfect for legitimizing your strategic ideas and thought leadership via internal and external presentations.
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Transparently sourced data in visual form, perfect for legitimizing your strategic ideas and thought leadership via internal and external presentations.
May 11, 2022
Which Technologies Do Banking Executives Worldwide Expect to Be the Most Effective? (% of respondents, Jan 2022)
Note
Respondents were asked, "Which technologies do you expect to be the most effective over the next two years? Please select up to three."Methodology
Data is from a May 2022 Economist Impact report titled "Threat Assessment 2022: Digital Competition in Finance" commissioned by WSO2. 300 banking executives worldwide were surveyed during December 2021-January 2022. A minimum of 30 respondents from Africa, Asia-Pacific, Europe, Latin America, the UK, and the US were surveyed. One-third of respondents represent corporate banking institutions with another third in investment banking and the final third in retail banking. A third represents institutions with assets under management below $500 million, and the same number of survey takers represent organizations with assets of $500 million-$2 billion as well as $2 billion and above. About one in ten (11%) respondents come from a digital-only or digitally-native bank; the remainder represent a traditional bank with either significant digital operations (36%), limited digital operations (43%), or no digital operations (9%).Featured In
CFPB fines Bank of America for faulty unemployment benefit fraud detectionThe Banking Head of Digital’s Five-Year Innovation StrategyBunq sues the Dutch National Bank for its AI technology prohibition and winsWells Fargo consolidates on Vantage, an all-in-one AI-powered client portalBank of America adds a human touch to its virtual assistant, EricaChatGPT aims to bring AI to the next level in bankingRegtech gets a funding boost as investors see the benefits behind AML risk controls and AI Regtech Fourthline raises €50M to build out AI-driven compliance platform As banks dabble with new tech, they must keep the risks top of mindSources
Chart Title
Which Technologies Do Banking Executives Worldwide Expect to Be the Most Effective? (% of respondents, Jan 2022)Publication Date
May 11, 2022
