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2023 saw a significant acceleration in the use of generative AI across sectors. But along with the advantages, there are challenges. It's important to understand the downsides of this exciting technology, assessing risk appropriately.
Today, we'll be taking a deeper look at why consistent and uniform financial spreading will be crucial for a data-first approach.
Banks are deploying new technology at scale. Automated financial spreading is fast becoming ubiquitous in banking, providing multiple advantages to banks and their clients. Here we explore the role of machine learning and AI in spreading financial information.
Banks are deploying new technology at scale. Here we explore the role of machine learning and AI in identifying and managing emerging risks.
Banks will continue to invest in transforming their products and enhancing client experience. As the technology matures, explainable AI will allow for rapid information gathering across large organisations and much faster decision-making.
Lessons Western Banks can learn from China, particularly when it comes to the accelerating presence of non-financial Big Tech.
Over the last 20 years, Banks have delivered significant cost savings by off-shoring headcount to low-cost locations, also known as "Centres of Excellence". Many established Banks now have the distinction of employing more people overseas than they do in their home markets.