Why Fintech Should Carve Out 20% of Their Strategy For Practical AI Applications

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Why Fintech Should Carve Out 20% of Their Strategy For Practical AI Applications

The article discusses the importance of integrating AI into fintech strategies, with insights from EY's Marna Ricker on how AI is transforming data-driven fields. AI is seen as a game changer, enhancing productivity, automating tasks, and providing valuable insights for professionals.

AI is enabling companies to shift towards an 'AI first' mindset, automating routine tasks and freeing up time for strategic activities in tax and finance. It is unlocking data silos, empowering tax teams to drive value and insights across the enterprise, while also presenting challenges in data management and communication.

AI is helping solve major pain points in the tax industry, such as time-consuming data gathering and compliance tasks. It is revolutionizing decision-making processes, offering real-time forecasting, and addressing the skills gap through upskilling opportunities for professionals.

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