Unstable, uncertain, unpredictable: these are just three of the words that have become shorthands for the past three years in the global economy and world politics. Enterprises in the financial services and insurance (FSI) industry are very familiar with them — painfully so, in many cases. The global economic shock produced by the pandemic, followed by the disruptions to the supply chain caused by the war in Ukraine, have left many firms bracing for an uncertain near-term future and seeking to adapt their business to weather the worst of it.

Many firms have turned to AI solutions, with varying degrees of investment, in order to streamline their processes, improve their forecasting abilities, meet ESG goals, head off the threat of fraud, and align themselves with increasingly stringent regulatory frameworks. Today AI delivers tangible and measurable business results, but as we’ve said before, it is no panacea. AI’s integration into a company’s culture and toolkit is a means of achieving practical and bounded successes that, cumulatively, give firms an edge over their competitors.

At FSI enterprises in 2023, some AI solutions will be prioritized over others. In this blog, we’ll take a look at four of the trends we expect to see driving the AI-adoption strategies in the FSI industry this year.

source: https://blog.dataiku.com/4-trends-ai-financial-services-2023?utm_id=18514858558--145079177994--626263477869--&utm_source=nam-adwords&utm_medium=paid-search&utm_campaign=GLO%20CONTENT%20Google%20Dynamic%20Search%20Ads%202022&gad=1&gclid=EAIaIQobChMIrO_o1teBgAMVahGtBh2c8QC1EAAYAiAAEgJuO_D_BwE

There is a point of view that, even if the advanced economies do all the right things, the world faces a climate catastrophe if change doesn’t happen in emerging nations. Advanced economies are investing heavily in energy transition, while emerging nations are investing only modestly. Mafalda Duarte, the head of the Green Climate Fund, which is supported by the United Nations, said that “if we don’t have investments in developing countries, forget about the climate.” She added that “if the Indias, the Africas, the Indonesias, the Chinas—if they don’t move, then it doesn’t matter what we do in developed countries. It is going to hit the US, it is going to hit Europe, it doesn’t matter.”

source: https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html