KPMG: Artificial intelligence in finance is changing the rules of the game

By: Trademagazin Date: 2025. 01. 29. 11:35

Artificial intelligence is gaining ground in the financial sector – more than seventy percent of companies use it to some extent in their financial processes. Moreover, the proportion is expected to rise to over 80 percent in the next three years, KPMG found. The organization published the results of its global research conducted during 2024 during the season of preparing financial reports.

KPMG International has been monitoring the role of artificial intelligence in various sectors for some time. In a survey conducted among companies last April, it found that almost three quarters of the companies surveyed already use AI to some extent in their financial activities. The last time it looked at the topic again in September 2024, it significantly expanded the research sample: the number of regions surveyed was increased to 23 developed and emerging markets and the number of companies surveyed to 2,900.

“It is clear that significant progress has been made in the use of artificial intelligence in this six months. “More and more companies are using AI not only in the financial reporting process, but also in broader areas of finance, including accounting, financial planning, risk management or tax management, as well as treasury management,”

explains Ágnes Rakó, co-head of KPMG’s advisory business.

The research also examined the maturity of the companies. Based on the answers to the questions, the researchers classified the companies into three categories. 18 percent of them are considered early adopters of AI, 58 percent are in the advanced phase, and 24 percent can be considered leaders.