1、March 2024kpmg/frontiersinfinanceFrontiers in FinanceMarket insights and forward-looking perspectives for financial services leaders and professionals.Articles include:Opportunity knocks:unlocking more value through financial services transformationUnleashing potential:Exploring generative AIs role

2、in bankingAI in insurance:A catalyst for changeGenAI:Private Equitys Next Big LeapInnovate or stagnate:Creating value from technology and innovation in asset managementIssue#65ForewordWelcome to the latest Frontiers in Finance on the theme of technology and innovation.This edition underlines why I t

3、hink its such an exciting time to be working in the industry and why this could potentially be the quantum leap for financial services we have been waiting for.I say potentially because while game-changing technologies like AI are already at our fingertips,others such as quantum computing are only j

4、ust emerging.These tools are evolving rapidly,demonstrating their potential as catalysts for innovation,transforming processes,and enhancing productivity,efficiency,and performance.More importantly,the data required to feed these new technologies is still on a journey and this is a vital foundationa

5、l element critical to success.The articles here highlight the possibilities to reimagine markets and products and move to seamless operating models and customer experiences.With AI and any tech-enabled change for that matter,there are always new barriers and challenges.So,this edition looks at upsid

6、es and downsides of this technology-innovation story.Data is the cost of entryWhile AIs potential is phenomenal,the cost of entry is data.All the articles,on banking and capital markets,private equity,insurance,and other sectors,reiterate that AI depends on high-quality,well-organized data,backed by