3. Plastic credit cards
As digital wallets and biometric payments gain ground, the traditional credit card is fading. Meanwhile, generative AI is poised to transform banking by improving fraud detection, enhancing personalization, and even offering AI-powered financial advice — all without a swipe, according to Google Cloud.
Some investment banking platforms are already leveraging AI to analyze market data in real time, adjusting strategies on the fly as conditions shift and new insights emerge. This dynamic approach aims to improve long-term investment decisions and deliver better outcomes for clients.
A 2024 study by Mercer Investments revealed that 91% of asset managers are either already using AI (54%) or planning to adopt it soon (37%) as part of their investment strategy or research. While many see AI as a key competitive advantage, the real value — especially in generating alpha — will depend on how effectively firms implement and scale these technologies across their operations and decision-making processes.
