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AI’s Next Frontier in Finance Hits a Growth Spurt
Generative AI (Gen AI) is transforming financial institutions by boosting productivity, but scaling these innovations remains a steep climb, says McKinsey’s Violet Chung. While pilot projects shine, turning localized wins into company-wide solutions is trickier than a crypto rollercoaster.
Why Scaling Gen AI Feels Like Building a Skyscraper
Chung, speaking at the SWIFT seminar in Beijing, highlighted a key roadblock: employee resistance. Bottom-up adoption? Not cutting it. Top-down leadership alignment is crucial. “40 Gen AI missions across 20 departments? That’s crazy expensive,” she told CGTN, stressing the need for streamlined strategies.
Show, Don’t Tell: The Role Model Rule
For teams skeptical of AI, Chung says managers must prove its value. “People need to see success stories,” she added—think viral TikTok trends, but for finance nerds.
Whether Gen AI becomes the industry’s next big disruptor or fades into beta-test obscurity? Time (and teamwork) will tell.
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“40 Gen AI missions across 20 departments? That’s crazy expensive,” she told CGTN, stressing the need for streamlined strategies.
