Artificial Intelligence and Financial Services

How is the EU AI Act Going to Affect Banks’ AI Adoption Ambitions?

15 Mar 2024

As we steam ahead into 2024, while banks experiment with generative AI, they also need to be aware of how regulators will scrutinise how they use AI. Of specific concern is how the impact of the EU’s AI Act on banks’ AI ambitions will become much clearer over the coming months. The EU AI Act, which will become enforceable during 2025, is the wor...

Banking Strategy, Digital and Transformation

Beyond White Label Banking to Banking as a Service

09 Jan 2024

White label banking is evolving from how it used to be a single-threaded product offer, to a broader and deeper banking as a service or embedded banking using modern technology. This concept of buying a set of pre-built technologies and services to enable a non-bank to provide financial products has caught the imagination of the industry for severa...

Artificial Intelligence and Financial Services

Generative AI in Banking: Future Promise or Present Hype?

12 Dec 2023

The transformative potential of generative AI for the banking sector was a subject we keenly explored earlier in the year. With the whirlwind advancements in the technology sector, six months can feel like a lifetime. It is worth taking a moment to look back and assess how generative AI has shaped and influenced the banking industry. The crux of ...

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Banking Strategy, Digital and Transformation

How can banks successfully modernise their technology?

25 Oct 2023

Modernising banking infrastructure can be a daunting and expensive process. Even though many banks want to digitally transform, only 30 percent of those report that they have successfully implemented their digital strategy. Mind the traps It is true that many digital transformation endeavours fail no matter what industry because these businesses ...