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Emerging technologiesNovember 2 2023

GenAI to ‘revolutionise’ European bank work practices

Leaders across Europe’s financial services sector expect GenAI technologies to deliver a productivity windfall as they brace for its impact on their workforce and operations. 
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GenAI to ‘revolutionise’ European bank work practices Image: Getty Images

The majority of European bank leaders expect generative artificial intelligence (GenAI) to disrupt how staff do their jobs, and there is a widespread belief that GenAI will shake up entry roles in particular. 

These are the headline findings of Ernst & Young’s (EY’s) October 2023 Financial Services AI Survey, which asked heads of European financial services about GenAI’s potential uses. 

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