Financial institutions double down on AI — but will it deliver?

Financial institutions double down on AI — but will it deliver?

This thrust – fueled by competitive pressure and improved customer information promises – has institutions like Bank of America allocating $ 4 billion to AI and other new technological initiatives. While the first adopters indicate the efficiency gains and cost reductions, the sector faces a central challenge: the average chronology of the expected king expected … Read more

Best Islamic Financial Institutions 2025

Best Islamic Financial Institutions 2025

Following a strong performance in the prior year, Islamic financial institutions (IFIs) recorded a steady 2024, with the overall sector’s return and total assets at levels similar to their 2023 performance. However, there was variation in individual IFIs’ performances; and many winners of Global Finance’s Best Islamic Financial Institutions 2025 achieved growth and profitability beyond … Read more