PwC conducted a survey within the Luxembourg banking sector to gauge the current state of the use of artificial intelligence and process automation in Luxembourg.
The results show that there is significant interest in the market for integrating artificial intelligence (AI) and process automation into day-to-day risk and finance operations. At the same time, a majority of banks surveyed stated that they do not currently use AI or that the use of AI is still in its infancy.
The banks surveyed indicated that the major impediments to of use of AI they are facing are insufficient data quality, lack of qualified staff, and restrictions arising from their own internal governance and IT.
PwC is helping clients globally to reap greater benefits from their data and to leverage artificial intelligence, process automation and advanced analytics techniques to increase their capabilities and to rationalise their operations.
We invite you to discuss how your bank can benefit from the use of AI and advanced analytics in your risk and finance function and to help identify use cases that provide immediate added value. We are happy to support you improve your data governance and data quality, thereby laying relevant groundwork for advanced analytics and AI.