Most Banking, Financial Services Firms Lack Unified AI Strategy; Privacy Among Top Challenges: Report

AI’s Dual Role in FinServ Risk Management

The landscape of financial risk management has fundamentally changed with the introduction of sophisticated AI systems that can process vast datasets in milliseconds. Nalini Priya Uppari, drawing from her experience building AI-driven security and compliance systems, examines how machine learning algorithms are creating more resilient financial institutions.  It’s well-known that risk management is the core of financial services. Regulatory comp…

For over 20 years, ibi research's CIBI Innovation Day has highlighted the trends that will occupy financial institutions over the next two to three years. According to CIBI, these trends in 2025 can be reduced to two key words: customer centricity and artificial intelligence. Both play a role in all banking-related areas: be it... The article CIBI 2025: AI and Customer Centricity – A Good Combination for Digital Issues first appeared in IT Finan…

Streamly Snapshot Doubleheader: AI In Digital Banking & Compliance For Financial Institutions - Data Intelligence

This week’s edition of Streamly Snapshot features a pair of conversations from FinovateEurope discussing two of the hottest topics in fintech in 2025: AI and compliance. First up, my interview with Christian Blaser (LinkedIn), Chief Technology Officer with b-next. Blaser discusses compliance for financial institutions, including specific issues in trade surveillance, insider compliance, personal account dealings, and market abuse. Blaser also pr…

Hitachi Vantara survey finds Financial Services leaders struggle with Data Governance and Infrastructure demands

The rapid advancement of artificial intelligence (AI) is placing unprecedented demands on traditional data infrastructures, forcing businesses in the Banking, Financial Services and Insurance (BFSI) sector to prioritize between security, quality, and sustainability according to a new survey from Hitachi Vantara, the data storage, infrastructure, and hybrid cloud management subsidiary of Hitachi, Ltd. Reflecting input from […] The post Hitachi Va…

Most Banking, Financial Services Firms Lack Unified AI Strategy; Privacy Among Top Challenges: Report

There is a critical gap at many banking and financial services (BFS) firms between artificial intelligence initiatives and overarching business objectives. According to a new study from Infosys, while generative AI has driven 66% of BFS enterprises to update their AI strategy, the majority (88%) of BFS firms lack a comprehensive, enterprise-wide AI strategy.The main data highlights from the study include:Only 12% of BFS firms have a global, ente…

AI reckoning in banking: Why moving fast (and failing faster) is the only way forward

AI-powered banking will require constant recalibration, bold decision-making and a willingness to embrace the unknown, says Kevin Staples, CEO and technologist at BBD.