AI challenges in banking worldwide 2024
In 2024, security and data privacy concerns emerged as the leading challenges for banks adopting artificial intelligence. Almost 40 percent of respondents identified security and data privacy as the primary AI obstacle in their businesses. Closely following this concern, 33 percent of survey participants highlighted the lack of AI skills or expertise among the workforce as another critical impediment to AI implementation, and 30 percent cited the difficulty in measuring return on investment.
