May 1, 2024 1:32 PM

Generative AI could boost bank revenues by 6 percent in next three years: Accenture

Banks across the globe could witness a substantial increase in revenues over the next three years by incorporating generative AI, as suggested by a recent report from Accenture. The report highlights that banks embracing this technology could experience a revenue surge of up to 600 basis points (bps) within this timeframe. Accenture's analysis, which involved studying more than 150 large banks worldwide, including public and private sector banks in India, revealed that adopting generative AI c...