Singularity Bank: AI and runaway transformation in financial services

Claudio Scardovi

EGEA spa

Ebook

268

Pages

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About this ebook

Artificial intelligence is driving the next revolution in banking, with disruptive forces presenting profound challenges to traditional business models. As the adoption of new technologies, and innovation of even newer ones, accelerates, are we fast approaching a future in which banks no longer have a need for assets or, indeed, for humans? Is there a future in which bankers themselves, if not banks, disappear altogether? Are we approaching a “singularity moment,” in which advances in artificial intelligence trigger rapid and uncontrollable technological growth, leading to incalculable changes to society and, indeed, our very humanity? Would this empower us, or would it seize control of our very destiny? In practice, as it relates to banking, we may be facing not just a single, but multiple moments of singularity. This book examines the ways in which advances in artificial intelligence could become industrializable across each of the main value chains of the international banking system.

About the author

Claudio Scardovi, dottore in Economia Politica, Master in Business Administration e professore di Sistemi Finanziari all’Università Bocconi e visiting professor alla SDA Bocconi, è stato managing director per società di consulenza strategica, banche d’investimento e fondi di private equity americani, europei ed asiatici. È oggi managing director responsabile per la practice financial services per l’EMEA per AlixPartners, società di consulenza leader a livello mondiale nei programmi di turnaround e trasformazione aziendale. È autore di oltre cento articoli, paper e ricerche, nonchè di dodici libri, pubblicati per Il Sole 24 Ore, Edibank, Mondadori, Quondam ed Egea – quattro dei quali, financial thriller, firmati con il pen name di John Stitch.

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