Jersey Finance CEO: "Massive Opportunity to Use AI" - Jersey Evening Post

Jersey Finance CEO: "Massive opportunity to use AI" - Jersey Evening Post

THERE is a “massive opportunity” for financial services firms to use artificial intelligence to simplify regulatory processes, according to the chief executive of Jersey Finance – who has said the technology could have a “big impact” on the sector. Joe Moynihan made the comments during a Chamber of Commerce lunch event on Tuesday. During the Q&A section of the event, Chamber president Lee Madden asked how AI was going to affect the Island’s fina…

Businesses Say They Want AI, But Their Data Isn’t Ready

Recent research by Indicium and PureSpectrum finds that a majority of organizations looking at AI have data infrastructure concerns.

Financial firms keen to use AI but their data isn't ready

A new study into AI readiness shows that while financial services firms are ready to adopt AI, they still have work to do in terms of improving data quality and modernizing systems. The study from Indicum finds many financial services firms are hindered by legacy data systems and outdated IT infrastructure, which often lack the real-time processing and data quality capabilities required for effective AI deployment. Data infrastructure is outdate…