Beyond the hype: What financial leaders need to know about enterprise AI

Artificial intelligence has moved past the initial honeymoon phase of flashy chatbots and viral demos. In the financial services sector, AI is now a core catalyst for revenue growth, operational efficiency, and risk mitigation.According to McKinsey’s estimates highlighted in Red Hat’s executive guide, Beyond the Hype: AI in Financial Services, AI represents a $1.2 trillion value opportunity for the global banking industry alone—with generative AI responsible for up to $340 billion of that potential. Furthermore, industry projections suggest that nearly 30% of operating profits in banking