HSBC's use of AI in improving customer experience, fraud detection, and operational efficiency
- HSBC uses AI to predict when ATMs will run out of cash and to identify high-risk changes in their technology estate
- AI is also used to combat fraud by flagging suspicious transactions and sending alerts to customers
- HSBC is exploring the use of AI to suggest new financial products to customers based on their patterns of behavior
- The bank has a data ethics committee to ensure ethical use of customer data