For the second consecutive time, JPMorgan Chase took the top spot in the Evident AI Index, an independent benchmark for commercial AI adoption and performance in financial services.
“The Evident AI Index shines a light on the growing impact artificial intelligence is having on the financial services industry,” said Teresa Heitsenrether, Chief Data & Analytics Officer, JPMorgan Chase. “We are proud that our AI talent, insights and solutions were once again recognized as best-in-class and we are committed to continuing to invest in these capabilities to help us serve our clients and communities better.”
Evident’s latest assessment included 50 of the largest banks from across North America, Europe and APAC, up from 23 in the inaugural index from January 2023.
The assessment looked at millions of data points from public sources using extensive manual research, automated data capture and input from leading AI experts. The banks were then ranked across four capabilities – Talent, Innovation, Leadership and Transparency.
Evident noted that JPMorgan Chase “continues to radically outperform the wider market in AI research, helping to preserve its position as the banking leader for Innovation.” The firm also was ranked first for Transparency “thanks to its wide-ranging efforts to uphold and reinforce responsible AI practices across the bank.”
The full Evident AI Index report is available at www.evidentinsights.com/ai-index.
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