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New report reveals state of AI research in banking

JP Morgan Chase logo on phone screen
JP Morgan Chase lead a number of global banks who prefer developing their own in-house AI capabilities. Photo: Cheng Xin/Getty Images

Banks around the world are investing huge sums in internal AI research and capacity building. Some of these trends have been captured in Evident Insights’ latest report, summarized here.

As the financial world comes to grips with understanding and adopting advanced technologies such as AI, there is a growing trend among some institutions to develop these capabilities internally, and keep their reliance on external or third-party providers in check. As such, the culture of AI-related research is on the