The Rise of AI and Generative Technologies in Banking: Internal Use Cases and Strategic Priorities
Introduction
The global banking sector is undergoing a profound transformation, driven by the rapid rise of artificial intelligence (AI) and generative technologies. While much attention has been paid to customer-facing innovations, banks are increasingly prioritizing internal, non-customer-facing use cases—such as credit analysis, risk measurement, document automation, and portfolio management—to drive operational efficiency, reduce costs, and build competitive advantage. This page explores how banks worldwide are adopting and scaling AI, the strategic priorities shaping their investments, and the challenges and opportunities that lie ahead.
AI and Generative Technologies: From Experimentation to Enterprise Adoption
Across all major banking markets, AI and generative technologies have moved from the periphery to the core of digital transformation strategies. In the United States, 53% of banks cite AI and emerging technologies as their top priority for the next three years, with similar focus in the United Kingdom (45%), Germany (47%), and Australia (31%). Internal use cases are at the forefront: 65% of U.S. banks, 61% of French banks, 60% of U.K. banks, and 56% of Canadian banks are actively pursuing generative AI for transactional, non-customer-facing applications.
Key Internal Use Cases
- Credit Analysis and Underwriting: AI models are automating the assessment of creditworthiness, enabling faster, more accurate, and consistent decisions.
- Risk Measurement: Machine learning algorithms are enhancing risk modeling, scenario analysis, and stress testing, improving banks’ ability to anticipate and mitigate threats.
- Document Automation: Generative AI is streamlining the creation, review, and management of legal contracts, proposals, RFPs, and pitch documents, reducing manual effort and error rates.
- Portfolio Management: AI-driven analytics are supporting more dynamic, data-driven portfolio strategies, optimizing asset allocation and performance monitoring.
These use cases are not only improving efficiency but also freeing up skilled staff to focus on higher-value activities, accelerating time-to-market for new products, and strengthening compliance and auditability.
Adoption Rates and Investment Priorities: A Global Perspective
Banks’ commitment to AI is reflected in their investment priorities. In the U.S., 40% of banks are prioritizing generative AI for internal use, while 46% of Canadian banks and 67% of French banks are making similar investments. In the U.K., 76% of banks say they will prioritize non-customer-facing generative AI over the next three years. Across Germany and Australia, roughly half of banks are focused on internal generative AI use cases.
Operational transformation priorities consistently include:
- Intelligent technologies (AI/ML/RPA): 34-42% of banks globally cite this as a top priority.
- Cloud infrastructure and migration: 29-35% are investing in cloud to support scalable AI deployments.
- Data and analytics: 33-48% are focused on building richer, more actionable data environments to power AI.
- Talent development: 31-40% are investing in upskilling and reskilling their workforce to harness new technologies.
Impact on Operational Efficiency
The impact of AI on operational efficiency is already tangible. Banks that have embraced automation, AI, and cloud at scale are seeing lower cost-to-income ratios, faster decision cycles, and improved accuracy in core processes. For example, 83% of French banks and 75% of U.K. banks believe AI’s greatest potential lies in making processes more efficient, profitable, and faster. Transformation leaders—those making the most progress—are characterized by their operational agility, platform-based approaches, and deep investment in intelligent technologies.
Regional Nuances and Benchmarking
While the direction of travel is clear, the pace and focus of AI adoption vary by region:
- North America: U.S. and Canadian banks are leading in AI prioritization, with a strong focus on internal use cases and data-driven operational transformation. However, legacy technology and operational agility remain significant barriers.
- Europe: U.K., French, and German banks are investing heavily in AI, with a particular emphasis on efficiency and compliance. Budget constraints, regulation, and skills gaps are key challenges.
- Asia Pacific: Southeast Asian banks are rapidly digitizing, with 40% prioritizing intelligent technologies and 35% investing in cloud-based core banking systems. Regulatory complexity and legacy systems are notable hurdles.
Challenges in Scaling AI Initiatives
Despite strong momentum, banks face several challenges in scaling AI:
- Legacy Technology: Outdated systems hinder the integration and scalability of AI solutions. 67% of U.S. banks and 70% of French banks cite legacy infrastructure as a major barrier.
- Data Access and Quality: Siloed, inconsistent, or incomplete data limits the effectiveness of AI models. Banks are investing in modern data architectures to address this.
- Talent and Skills Gaps: The shortage of AI and data science talent is acute. 29-40% of banks are prioritizing talent development, but the skills gap remains a top barrier, especially in the U.K. and Germany.
- Regulatory and Ethical Considerations: Compliance with evolving regulations and ensuring ethical AI use are ongoing concerns, particularly in highly regulated markets.
Preparing the Workforce for AI-Driven Transformation
Leading banks recognize that technology investment must go hand-in-hand with cultural and organizational change. Transformation leaders are:
- Upskilling and Reskilling: Investing in training programs to build digital, data, and AI literacy across the workforce.
- Agile Operating Models: Moving towards cross-functional, agile teams that can rapidly develop, test, and scale AI solutions.
- Partner Ecosystems: Collaborating with fintechs, technology providers, and academic institutions to access new capabilities and accelerate innovation.
Opportunities Ahead
The shift to AI-powered operations is creating significant opportunities:
- Cost Reduction: Automation and AI are driving down operational costs and enabling banks to redeploy resources to growth areas.
- Speed and Agility: AI enables faster, more informed decision-making, supporting rapid product development and market responsiveness.
- Risk Management: Enhanced analytics and predictive modeling are improving risk detection and mitigation.
- Regulatory Compliance: Automated document processing and audit trails are strengthening compliance and reducing regulatory risk.
Conclusion: Charting a Path Forward
The rise of AI and generative technologies marks a new era in banking operations. Banks that act boldly—investing in intelligent technologies, modernizing their data and technology platforms, and preparing their workforce for change—will define the future of the industry. The most successful banks are those that:
- Know their competitive landscape and invest in digital innovation to keep pace with fintechs and tech giants.
- Transform people and culture alongside technology, prioritizing talent development and organizational agility.
- Build strong partner ecosystems to scale and innovate rapidly.
- Embrace AI and intelligent technologies to drive efficiency, resilience, and new value propositions.
Publicis Sapient partners with leading banks worldwide to accelerate digital transformation, helping them navigate local complexities while adopting global best practices. As the industry continues to evolve, those who act decisively will shape the next generation of banking.