Chief information officers (CIOs) and their teams at leading FIs are busy embracing the next primary phase of digital transformation. Unsurprisingly, C-Suite bankers foresee and prepare for the “new normal” environments, such as remote working,... View
Flipping the odds for digital transformation success in the Banking and Fintech industry depends on customer experience. An influential study that dissects digital transformation success pegs banking as having the second highest rate after Telecom, Media, and Tech... View
One of the more sober subsets of the financial services sector – the wealth management industry – has been majorly impacted by the AI edge. From automating routine tasks for increased efficiency and cost savings, wealth investment firms are creating new use cases for... View
What does the current landscape look like for Retail Banking? Firstly, the post-pandemic retail banking industry is moving out of a climate of muted financial performance. Secondly, with common enablers of open hybrid or multi-cloud solutions, banks embrace Data &... View
In a recent study, the average costs of data breaches continue to climb alarmingly. The research by the Ponemon institute reports that it has increased from 2.6% [USD 4.24 million in 2021] to USD 4.35 million in 2022. On the one hand, it is easy to confuse that data... View
AI pilot count has become one of banking’s least useful measures of progress. A regional bank can have experiments running across customer service, fraud, compliance, lending and engineering and still have very little AI producing value in live operations. For a large global institution, a broad experimentation portfolio can be absorbed across substantial innovation, data […]
A banking AI use case can make perfect sense on a presentation slide and still be the wrong initiative to put into production. The economics may be attractive. The model may perform well. The executive sponsor may be committed. None of those answers the harder question: can the bank operate it reliably inside a live […]
The AI problem inside many regional banks is no longer a shortage of ideas. It is a shortage of capacity to pursue all of them well. Fraud, KYC, lending, Customer service, Compliance, Software Engineering, Data Operations, and Cybersecurity can all produce credible AI use cases. But every initiative competes for the same finite pool of […]