6DECEMBER 2023Editor's NoteUnlocking Europe's Financial Sector's Potential with AIThe integration and utilisation of artificial intelligence (AI) in the financial services sector is poised to create a substantial economic value of one trillion dollars by 2030. European financial industries significantly contribute to the adoption surge of AI-powered solutions, propelled by the EU's proactive support for automation and machine learning.. AI-powered solutions enable the financial sector to automate processes, detect and combat fraud and manage risks. Chatbots and virtual assistants are extensively leveraged to provide customer service and support. However, emerging technological developments are expected to change how the EU financial sector operates. For instance, Generative AI holds the potential to personalise investment portfolios and insurance policies as per customer requirements. Explainable AI (XAI) allows human users to comprehend the recommendations generated by machine learning algorithms, fostering trust in AI-powered financial solutions. Businesses are also investing in AI and ML models to enhance the accuracy and efficiency of compliance processes. These few examples underscore the instrumental role AI-powered financial solutions will play in the future.In the latest edition of Financial Services Review, we feature AI-powered solutions providers in Europe for 2023. These industry pioneers empower financial institutions to transform operations, enhance customer experiences and navigate the evolving regulatory landscape. The magazine highlights Intelli, a specialised business software consulting firm that enables enterprises to improve their customer interactions faster and more efficiently based on a fully digital approach.This edition also covers the unique industry insights of Saima Shafiq, head of Applied Artificial Intelligence Transformation at PNC [NYSE: PNC]. In addition, the valuable opinions of Elettra Damaggio, director of data science at StoneX Group and Mario Alberto López Cano, senior manager artificial intelligence at Grupo Financiero Banorte are highlighted in the magazine. We believe the insights these accomplished professionals share will empower you to make informed decisions for your business.Let us know your thoughts. Copyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorJeff RodriguezEditorial StaffAaron Pierce Ava Garcia Ancel CastelinoAshik JainJoshua ParkerGilbert HooverVisualizerRonald Donovan*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@financialservicesreview.comeditor@financialservicesreview.commarketing@financialservicesreview.com DECEMBER - 08 - 2023, Vol 04-44 (ISSN 2835-9771) Published by ValleyMedia, Inc. To subscribe to Financial Services ReviewVisit www.financialservicesreview.com Jeff RodriguezManaging Editoreditor@financialservicesreview.com
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