JPMorgan Chase comes out top, leading on all pillars, and scoring 63% of the available points. The bank is joined in the top five by Royal Bank of Canada, Citi, UBS and Wells Fargo.
North American banks listed in the index tend to appear ahead of European counterparts in building AI capability, said the company, making up some 7 out of the top 10 rankings in the Index.
It would appear European banks are at risk of being left behind in the AI race, according to this inaugural index.
Only three European banks make it into the top 10: UBS, ING and BNP Paribas.
Evident is being backed by $3 million in funding from VCs and angel investors, including Venrex Investment Management (an early backer of Revolut); Scott Galloway, NYU Professor and co-host of Pivot podcast; Robin Saunders, CEO, Clearbrook Capital; David Brierwood, former COO of MSCI; Dimitri Goulandris, CEO, Cycladic; and Gary Ginsberg, former senior vice president Softbank Corp. and executive vice president of Time Warner.
“This is the year of AI, and we are seeing a rapid rise in AI use in almost every single sector. As the market begins to discern winners from losers based on their capability in AI, robust metrics and insight become key to stakeholder value. Evident is uniquely placed to provide that clarity,” Galloway added in a statement.