The global banking & payments industry experienced a 12% drop in company filings mentions of artificial intelligence in Q1 2024 compared with the previous quarter, with the highest share accounted for by DBS Group with 17% year-on-year increase, according to GlobalData’s analysis of over 569 banking & payments company filings. GlobalData’s Banking & Payments: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, artificial intelligence was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of electric vehicles and online travel, according to GlobalData.
Of the top leading companies in the banking & payments industry, DBS Group had the greatest increase in references for artificial intelligence in Q1 2024, compared with the previous quarter. GlobalData identified 148 artificial intelligence-related sentences in the company's filings - 2% of all sentences - and an increase of 17% in Q1 2024 compared with Q1 2023. Banco Santander’s mentions of artificial intelligence rose by 82% to 51 and Nordea Bank Abp’s by 104% to 47 and NatWest Group’s by 150% to 45 and China Merchants Bank’s by 438% to 43.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for artificial intelligence in Q1 2024 was 65.
For further understanding of GlobalData's Banking & Payments: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
