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Generative AI: More hype than opportunity for private banks?

High-volume businesses with large client bases appear to immediately benefit from implementing generative AI to improve efficiency and reduce costs. However, it is less certain whether private banks, often with unstructured data and a need for bespoke face-to-face services, can justify the return on investment (ROI) at this stage, industry experts told Asian Private Banker. Compared to retail and commercial…

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