The sector must confront the twin challenges of dealing with their legacy systems and developing a tech-savvy workforce.
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Australia’s banks are on the cusp of a digital revolution, driven by breakthroughs in artificial intelligence, quantum computing and evolving consumer demands.
The Australian Banking Association estimates 99 per cent of bank interactions now occur online. That means digital banking is no longer a competitive edge – it’s a necessity.
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Original URL: https://www.afr.com/companies/financial-services/banks-brace-for-ai-powered-digital-revolution-20250310-p5lief
