Evident released the latest edition of its AI Index, a global standard benchmark of AI maturity for banks based on over 100 individual indicators gathered from publicly available data. This year the index has expanded to 50 banks. It ranks the world’s largest banks on four critical pillars of their AI ecosystem: Talent, Innovation, Leadership, and Transparency of Responsible AI.
Key highlights this year include:
- J.P. Morgan leads the Evident AI Index ranking for the second year running, followed by Capital One and Royal Bank of Canada. These three leaders are breaking away from the rest of the pack, with a consistently strong performance across all four pillars of the Index.
- CommBank and DBS – the Asia-Pacific leaders – debut in the top ten. DBS has pipped the top spot from J.P. Morgan in the Leadership pillar, providing a textbook case study for how to position senior leadership to engage on issues that sit at the intersection of disruptive technology and business strategy.
- European banks continue to lag behind their North American peers. UBS and ING lead the way in Europe, both ranking in the top-ten, followed by strong performances from BNP Paribas in 12th and HSBC in 13th. From a UK perspective, while four of the five British banks feature in the top half of the rankings, none of the UK banks are challenging North America or West Europe for the top spots. While some Western Europeans are in the top 10, most rank towards the middle of the Index or lower. Santander leads Southern Europe in 21st place; and the Nordic banks rank in the 40s.