Who's top of the AI game?
JP Morgan leading the way
The Evident AI Index is a global standard benchmark of AI maturity among financial institutions.
In its annual report, released earlier this month, the Evident AI Index found that JP Morgan is currently the global leader in AI innovation among financial institutions. In fact, North American banks are leading the way when it comes to AI innovation, with nine of the top 10 banks in AI innovation being American or Canadian, with only one European bank (ING) in the top ten.
Specifically, the report cites several reasons for JP Morgan’s AI dominance, including the rollout of responsible AI teams, responsible AI-focused research, established partnerships and its desire to cement AI at the heart of its current agenda.