banks

5 ways GenAI is transforming financial planning for banks – Go Health Pro

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5 ways GenAI is transforming financial planning for banks – Go Health Pro

McKinsey estimates that AI—and generative AI in particular—could contribute up to $340 billion annually to the global banking sector, accounting for approximately 4.7% of total industry revenues. This includes leveraging AI to significantly enhance financial planning and analysis (FP&A) processes by automating routine tasks such as accounts payable, journal entries, data gathering, and reporting. Early … Read more

What does Trump’s victory mean for banks, tech, fintech and the future? – Go Health Pro

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What does Trump’s victory mean for banks, tech, fintech and the future? – Go Health Pro

Unsurprisingly, after a major election that will influence the Western world, the election of Donald Trump resulted in a flood of PR releases and contacts to tell me how this will influence the economy, Europe and the world. Some even got more specific, talking about how it will change fintech and cryptocurrencies. Let’s take a … Read more

Recent developments in European Consumer Law: Validity of limitation periods for claiming mortgage costs back from banks – Go Health Pro

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While many consumer lawyers are currently busy analysing the details of the opinion of AG Emiliou in Compass Banca case (C-646/22) (and we will add our own analysis of it in the coming days, too), on the same day (April 25) two judgments were issued by the CJEU clarifying the consequences of terms’ unfairness on restitution … Read more

US banks invest three times more in tech than European banks – Go Health Pro

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US banks invest three times more in tech than European banks – Go Health Pro

I got an interesting question in my recent banking presentation: US banks have spent far more on technology than banks in Europe – will European banks ever be able to catch-up? It is true that American banks have spent far more on tech. To illustrate the point: JPMorgan spent over $15 billion last year, and is … Read more

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