Generative AI (GenAI) is rapidly transforming the financial services landscape. According to McKinsey, GenAI could unlock up to $340 billion in annual cost savings and productivity gains across the global banking sector. With this momentum, forward looking fintech leaders are embedding GenAI into critical workflows ranging from customer onboarding and credit decisioning to fraud detection and compliance. This article provides a practical architecture guide to help technology leaders adopt GenAI safely, effectively, and at scale.
Why GenAI Matters for Financial Services
Financial institutions are under constant pressure to operate faster, smarter, and leaner. GenAI provides a strategic edge by: