Evident stories
US banks tighten grip on AI patents in finance, with a small North American elite racing ahead as European rivals fall further behind.
Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.
Goldman Sachs is at the forefront of an AI revolution in banking, with a new report revealing 167 AI applications across global banks, shifting industry norms.
Nearly one-third of the world's largest banks now disclose AI use cases and ROI, with UK banks like Barclays and NatWest tripling AI references over the past year.
AI talent has grown by 9% in the world's biggest banks over the last six months, led by a recruitment drive towards AI implementation.
The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.
Newly data by Evident shows JPMorgan Chase's ongoing rise as a leading force in AI research, with a significant increase in output.
Banks are dedicating more resources to responsible artificial intelligence, with a 43% staffing increase, but only six clarify their approach.
Banks across North America and Europe are failing to publicly report on their approaches to responsible AI development.
UK and European banks ramp up AI recruitment to boost workforce productivity, with a 12% rise in AI roles in UK banks and Deutsche Bank and Santander leading efforts.
AI-driven roles in US and European banks show robust growth, doubling overall headcount growth despite job cuts, according to Evident report.
Despite a global downturn in AI start-up investments, banks marked a 45% surge in 2023, with emphasis on bolstering regional AI capabilities.
