In 2026, AI will unlock new revenue streams for the financial services industry

By Rinesh Patel, Global Head of Financial Services at Snowflake

The financial services sector in India underwent a significant transformation this year, driven by the adoption of AI chatbots and various AI tools. Come 2026, the industry will shift from isolated AI tools to a version that will be more accountable, resilient, and responsible. According to a recent report by the Reserve Bank of India (RBI), it is estimated that GenAI will enhance banking operations in India by up to 46%.

With that backdrop, it becomes imperative for financial institutions to deploy solutions that offer tangible business impact and revenue generation, while also efficiently managing risk.

#Prediction 1 : Financial services will demand AI accountability as the experimentation phase ends

The days of “AI for AI’s sake” spending are over. In 2026, financial institutions will pivot from proof-of-concept projects to demanding measurable business impact from every AI ...