According to data*, AI spending in the BFSI sector is projected to rise by 45% in 2024. Key investment areas will focus on machine learning, deep learning, and generative AI technologies. Notably, 75% of organizations are using AI to enhance their DataOps and security frameworks (SecOps), underscoring AI's vital role in boosting operational efficiency and security in the sector.
Key Business Benefits
Enhance Operational Efficiency
Streamline processes, reducing costs and improving productivity.
Strengthen Security
Advanced AI algorithms detect and prevent fraud, enhancing overall security measures.
Personalize Customer Experiences
AI-powered analytics enable tailored financial products and services, improving customer satisfaction.
Optimize Decision Making
AI insights support data-driven strategic decisions, reducing risks and maximizing opportunities.
BFSI Use Cases
Financial crime, Fraud Detection, Market risk and Governance
BUSINESS OPPORTUNITY- Reduced incidence of fraud.
- Enhanced cybersecurity.
- Improved trust from customers.
- Improved compliance with regulatory standards.
Use Cases:
- AI powered Fraud Detection systems
- Anti-money laundering compliance
- Cybersecurity threat detection
Customer Experience and Relationship Management
BUSINESS OPPORTUNITY- Optimized investment performance.
- Better risk-adjusted returns
- Higher client satisfaction with improved accuracy.
- Increased lifetime value of customers.
Use Cases:
- Predictive analytics for risk optimization
- Automated credit risk assessment
- Predictive analytics for customer retention
- AI-driven customer support
Achieving Banking Operational Efficiency
BUSINESS OPPORTUNITY- Reduced operational costs.
- Freed-up human resources for strategic tasks.
- Reduced IT-related disruptions.
- Improved system reliability.
Use Cases:
- Process automation for back-office operations
- Predictive maintenance for IT infrastructure to reduce downtime.
Case Study & Solution Brief
Shimane Bank - Japan
Japan’s Shimane Bank works with Lenovo Professional Services to migrate swiftly and smoothly to a new virtual infrastructure.
Read Case Study
Bank of Commerce - Philippines
With a hyperconverged infrastructure (HCI) based on Lenovo solutions, that’s simple to scale and easy to manage, Bank of Commerce is developing and offering new services to an expanding customer base.
Read Case Study
Phillippine Veterans Bank
This bank is replacing outdated systems with a flexible hyperconverged infrastructure from Lenovo's portfolio, boosting business agility to help bring new services to customers.
Read Case Study
CIO Playbook 2024
Explore Lenovo's commissioned research e-book, which surveys 900 IT and business decision-makers in Asia/Pacific. It reveals key insights on AI adoption, investment priorities, challenges, and crucial spending for advancing digital business agendas in 2024.
Access Playbook
Lenovo Financial Security Guide
Learn how Lenovo is transforming security for financial services by predicting, preventing, and protecting sensitive data.
Read eBook
Lenovo AI in Financial Services
AI and associated tools such as generative AI represent the most significant technology advancement in a generation.
Read eBook
METSAKUUR INC. - South Korea
Learn how Metsakuur is pushing the boundaries of authentication tech and meeting growing demand for innovative digital authentication solutions with Lenovo portfolio.
Read Case Study
Creating Branch of the Future
Learn how Lenovo technology can help you reimagine the digital and physical customer experience by creating the branch of the future
Read eBook
Lenovo AI Innovators Program
Partnering with best-in-class AI companies to deliver innovative AI
solutions to our customers
Meet AP ISV partners
