Overcoming Key Challenges in AI Deployment for Financial Services

  • “As noted by Business Insider, 56 percent of banks have implemented AI in risk management, and 52 percent use these tools for revenue generation from new products and services.
  • While 74 percent of banking executives say these technologies will transform the industry, they’re worried about barriers to effective deployment, such as growing skills gaps and increasing complexity.
  • Overcoming Hurdles to AI Deployment in Banking:
    • Multiple stakeholders
    • Myriad processes
    • Siloed data
    • Managing current infrastructure”

https://biztechmagazine.com/article/2021/09/overcoming-key-challenges-ai-deployment-financial-services

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