AI a major topic at M&A conference

From left: Heath Fountain, CEO, Colony Bank, Georgia.; Philip Bryan, Chief Banking Officer, Reading Cooperative Bank, Boston; David Reiling, board chair and CEO, Sunrise Banks, St. Paul, Minn., and Ryan Hildebrand, Chief Innovation Officer, Bankwell Financial Group, Connecticut, participate in a "Family Feud-like" panel session to discuss 2025 banking priorities. (Tom Bengtson/BankBeat)
From left: Heath Fountain, CEO, Colony Bank, Georgia.; Philip Bryan, Chief Banking Officer, Reading Cooperative Bank, Boston; David Reiling, board chair and CEO, Sunrise Banks, St. Paul, Minn., and Ryan Hildebrand, Chief Innovation Officer, Bankwell Financial Group, Connecticut, participate in a "Family Feud-like" panel session to discuss 2025 banking priorities. (Tom Bengtson/BankBeat)
Published on

Artificial intelligence, or AI, is one of the buzzwords on the lips of many of the presenters at the 2025 Acquire or Be Acquired conference this week in Phoenix. Survey results shared at one breakout session on Monday showed the bank departments some speculate are most likely to be disrupted by AI. In order, they are: Fraud detection and risk management; back office (reconciliation, compliance); loan underwriting and credit analysis; customer service, and marketing.

Loading content, please wait...
logo
BankNews
banknews.com