Recent data from Evident, an intelligence platform that benchmarks and tracks AI adoption across the financial services sector, has highlighted a notable surge in European banks' investments in AI startups.
European banks issued 45% of the global financial industry's AI investments in 2023, reflecting a significant rise from previous years. Despite an overall decline in venture capital activity globally, European banks are nearly on par with their North American counterparts in AI investment. And while deal flow in Europe declined by 25%, it fared better than North America's 42% decrease.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion
Sign in and be the first to comment.