20min chapter

Wharton FinTech Podcast cover image

Sarah Hinkfuss and Saanya Ojha, Partners of Bain Capital Ventures - Fintech Revolutionized

Wharton FinTech Podcast

CHAPTER

The Slow Adoption and Huge Opportunities of Generative AI in the Financial Services Industry

The chapter focuses on the slow adoption of generative AI in the financial services industry, but also highlights the huge opportunities it presents. The speakers discuss the differences between predictive AI and generative AI, the potential benefits for incumbents, and their focus on supporting existing companies and finding new opportunities. They also discuss specific areas within financial services that can benefit from adopting generative AI, such as compliance and insurance.

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