Brazilian banks lead in artificial intelligence planning

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The number of Brazilian banks that see artificial intelligence (AI) as a strategic priority is higher than many mature markets, according to research.

About 30 percent of local institutions see AI playing an important role in their innovation plans, according to GFT Technologies’ Digital Banking Expert Survey.

By comparison, 23 percent of sector firms in the UK and Mexico see AI as crucial in their strategy, while only 17 percent of US banks perceive the technology as an important aspect of their overall plans, the study from the financial services vendor says.