While the industry remains cautious due to strict regulatory framework and compliance requirements, the momentum is unmistakable as it is now evident that AI can play a fundamental role in navigating more complex use cases. McKinsey's 2025 State of AI report indicated that 21% of financial services institutions have adopted the transformative technology in risk, legal and compliance functions, in comparison to the industry average of 11%.
The general optimism reported towards GenAI, combined with recent developments of DeepSeek, served as the perfect timing and conversation starter for the Amazon Web Services (AWS) for Financial Services Executive Forum and Luncheon. Behind closed doors on March 20, 2025, industry heavyweights and policy regulators came together to discuss the hottest industry topics.
The content of this article has been produced by our advertising partner.] The financial services sector has not been shy to put money into GenAI, since a white paper by the World Economic Forum and Accenture revealed that spending is projected to reach US$97 billion by 2027.
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