The finding: According to a UK-based intelligence platform’s analysis, JPMorgan and Capital One are winning the AI race thanks to their on-staff AI experts.
The results: Ranking in the top two spots across all categories, JPMorgan claimed first place overall for the second year in a row.
AI talent wars: Capital One and JPMorgan both secured a significant mass of AI-related talent relative to their total number of employees—something FIs will need to prioritize if they want to keep up.
AI innovation: FIs that fail to not only embrace AI but innovate using it risk falling further behind the leaders.
Key takeaways: FIs know they must adopt AI to remain competitive through what McKinsey has called “The Great Transition.” However, having and adopting AI is only a small part of the equation.
First Published on Nov 17, 2023
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