Using modern technology platforms to create an AI-driven bank

The rise of artificial intelligence (AI) has ushered in a new era of digital transformation. In banking operations, the integration of AI presents an opportunity for significant growth. However, this integration is not without its challenges. Banks are dealing with more data than ever before, and managing this information effectively is a crucial hurdle to overcome. From ensuring data accuracy and relevance to adhering to privacy regulations, these challenges require careful consideration. 

The decision to incorporate AI should be a strategic one, aimed at addressing specific business challenges and not just a nod to the latest trend. Identifying growth-inhibiting challenges and evaluating the viability of AI as a solution is a practical and cost-effective approach. 

This report highlights the key takeaways of a Finextra webinar, hosted in association with Red Hat, by a panel of industry experts. Discover: 

• Overcoming barriers in integrating AI into banking systems; 
• AI integration: A strategic approach; and 
• Effective utilisation of AI in business operations and risk mitigation.