Banks spent years debating AI safety.

Fintechs spent those years building.

Banks spent years debating AI safety. Fintechs spent those years building.

While banks worked on policies, fintechs focused on action. They integrating AI into fraud detection, lending, and customer service, basically setting the stage for 2025.

This report from Finextra highlights the growing divide. Some key takeaways from the report (not necessarily our full opinions on the topic):

🔶 Banks that delayed AI adoption now face mounting costs and slower innovation cycles.

🔶 Stablecoins account for 6.3% of the digital asset market, reflecting a shift in financial ecosystems.

🔶 Outdated technology still burdens 95% of banks, limiting automation and scalability.

🔶 Regulatory frameworks lag behind, creating uncertainty for broader AI adoption.

🔶 Innovations like cloud computing and edge processing aim to tackle AI’s energy challenges.

Author

AiUTOMATING PEOPLE, ABN ASIA was founded by people with deep roots in academia, with work experience in the US, Holland, Hungary, Japan, South Korea, Singapore, and Vietnam. ABN Asia is where academia and technology meet opportunity. With our cutting-edge solutions and competent software development services, we're helping businesses level up and take on the global scene. Our commitment: Faster. Better. More reliable. In most cases: Cheaper as well.

Feel free to reach out to us whenever you require IT services, digital consulting, off-the-shelf software solutions, or if you'd like to send us requests for proposals (RFPs). You can contact us at [email protected]. We're ready to assist you with all your technology needs.

© ABN ASIA