Download an excerpt of the report or, if you are already a member of Evident, log-in to read the full report.
Evident AI Innovation Report
Mapping the race for AI innovation in banking
The 2024 edition of the Evident AI Leadership Report provides the most in-depth and up-to-date analysis of strategic communications and executive positioning in the banking sector. The report covers:
Research
Patents
Ventures
Ecosystem
Key Findings
1
Innovation leaders
JPMorgan Chase, Capital One, and Royal Bank of Canada lead their wider peer set—and represent the only three banks to place among the top-5 across multiple sub-pillars of Innovation.
2
Head start
North American banks dominate the Innovation pillar, occupying 9 out of the top 10 slots (with ING the only European contender). Many of these banks benefit from a significant head start with respect to building AI capabilities.
3
The winners are (still) winning
An analysis of key metrics contributing to each of the levers identified above reveals the established leader in November 2023 remains the current leader as of March 2024, with no significant reshuffling of the established leaderboard.
4
AI Research
JPMorgan Chase dominates the AI research landscape within the banking sector, responsible for 45% of all AI research published by the banks in 2023 (up +15% since 2018).
5
AI Patents
Capital One and Bank of America dominate the AI patent landscape. They were responsible for 66% of all patents filed by the banks in the 12-month period ending in June 2022.
6
AI Ventures
While Goldman Sachs leads in overall deal flow (accounting for 17% of all AI-focused investments from Index banks across 2010– 2023), Citigroup took the lead in recent AI venture activity (accounting for 13% of all AI-focused investments in 2023).
Download the report
Innovation Report
Innovation | April 2024
The Evident AI Innovation Report
While all banks are thinking about how AI can enable better, faster and more efficient operations, only a handful of banks appear to be making long-term, top-down investments in AI innovation. In the 2024 Innovation Report we provide an updated view of banks' AI innovation strategies, covering research, ventures, patents, partnerships and the open source community. Download an excerpt via the button below, or contact us to find out more about Evident membership and how you can access the full report.
Get in touch
Compare the AI innovation strategies of individual banks, and dive deeper into sector-wide trends, with access to company-specific Innovation Profiles
Related Products
2024 Evident AI Talent Report
Insight Reports are prepared exclusively for Evident members. In this publication, we provide an updated view on the state of AI talent development in banking.
Download the report →
2024 Evident AI Index Key Findings Report
Explore the latest Evident AI Index rankings, our key findings and the methodology behind the world’s first outside-in benchmark of AI maturity in banking.
Download the report →
The Dispatch: AI Ventures
The Dispatch is a monthly report prepared exclusively for Evident members. In this Dispatch, we provide an updated view on the state of AI ventures in banking.
Download the report →
The Dispatch: AI Patents
The Dispatch is a monthly report prepared exclusively for Evident members. In this Dispatch, we provide an updated view on the state of AI patents in banking.
/insights/dispatch-patents-mar-2024/ →
The Dispatch: AI Research
The Dispatch is a monthly report prepared exclusively for Evident members. In this Dispatch, we provide an updated view on the state of AI research in banking.
Download the report →
2023 Evident AI Outcomes Report
As the race for AI adoption in banking intensifies, the Evident AI Outcomes Report examines how banks are setting themselves up to drive, and accelerate, value from AI. It marks the first step towards benchmarking AI outcomes across the sector. Our ambition is to provide a common framework which will enable banks to evaluate and compare their AI outcomes vs peers.
Download the report →
2024 Evident AI Leadership Report
Download the 2024 edition of the Evident AI Leadership Report to explore the latest trends in strategic communications and executive positioning found across the banking sector.
Download the report →