India, Oct. 5 -- Banking's AI Investment Playbook

No longer content with buying AI tools, banks are moving to co-build and invest in AI startups. As partnerships deepen and automation reshapes banking jobs, are financial institutions rewriting the playbook for enterprise innovation?

Bankers' Logic: Across the 50 largest global banks, investments in AI companies have grown at a 21% CAGR since 2023. But why? Financial workflows demand more than a standard software. Banks need systems adapted to their compliance requirements, risks and internal data. An investment or co-development arrangement gives them greater influence over product architecture and roadmap.

The Desi Model: Back home, financial institutions are actively backing domain-s...