Now is the time to leverage AI to manage risk in corporate banking

The next decade is expected to see a significant shift in corporate banking risk management, with an increased emphasis on analytics and the use of artificial intelligence (AI) to manage current risks and make intelligent predictions about future risks. Currently, only 15% of a corporate bank's risk management staff are dedicated to analytics, but this percentage is projected to rise to 40% by 2025. AI can help banks strategize for the future, make better real-time decisions, improve risk modeling, provide better monitoring and prevent costly human errors. With more corporate banks facing unprecedented worldwide regulatory and market pressures, using a proven real-time platform to handle data quickly, reliably, and consistently will be critical in managing risk effectively.