UBS, the only European bank in the top ten for AI adoption, as JPMorgan leads the ranking
The Swiss bank stands alone as Europe's representative at the top of the Evident AI index following HSBC's exit from the leading group.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Swiss bank UBS has become the only European institution in the top ten of the Evident AI index, which measures the degree of artificial intelligence adoption among major banking institutions worldwide.
UBS reached this position after HSBC exited the group of leading banks in the index, leaving the Swiss bank as the sole European representative at the top of a ranking dominated predominantly by US institutions.
JPMorgan Chase leads the ranking and, according to index data, has widened its lead over competitors in the latest period analysed, consolidating its position as the world's most advanced bank in the use of artificial intelligence.
The report also finds that North American banking institutions as a whole are reinforcing their dominance in this area, widening the gap with their European and Asian competitors in terms of investment, deployment and measurable results from AI use.
The Evident AI index has become a standard reference for financial analysts when evaluating the degree of technological transformation in the banking sector, in a context where artificial intelligence is increasingly seen as a key competitive differentiator.
Sources
- UBS, único banco europeo entre los 10 primeros en adopción de IA, con JPMorgan Chase en cabeza — Euronews (Español)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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