Tag: banking
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Buy your platform, AI edition
Building an internal agentic AI platform in banking or insurance demands a multi-year orchestration engineering commitment with a regulatory surface area that most organizations underestimate. [Bryan Ross] Tinkers and opexmaxxers take in huge risks when they decide to build their own platforms. And it usually fails, for at least seven reasons. 🔗 The hidden cost…
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Enterprise ROI: Banking edition
Maybe no new banking businesses from AI yet: “It is a long, expensive and risk-constrained transformation,” Wells Fargo analyst Mike Mayo wrote in a note to investors last week. “Indeed, we can’t find one extremely noteworthy new product or service from AI in these very early days (it’s been a little boring from a product…
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Shutdown and consolidate old IT so you can focus on new IT, like AI hoopla
People often say they spend 80% of their IT efforts on maintenance, “keeping the lights on”: Like all banks, our technology expenditure has been weighted towards maintenance and regulatory programs. These activities represented around 85% of our tech investment spend in 2024. So, simplifying that, shutting down old things is a positive thing to do;…
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