GenAI or replatforming? Bank CTOs disagree on budgetary spend

Voice of the CTO: In part one of a five-part series, several bank technologists discuss where they are looking to spend their budgets this year, and what hurdles stand in the way of experimenting with generative AI.

Voice of the CTO

Our new, annual examination of the spending plans of bank technology leaders gets underway with this introduction, the first article in a five-part series.

The goal is to shine a light on opportunities that some of the world’s biggest banks are trying to grasp—and the obstacles that stand in their way. Some of those hurdles are internal—winning support from the business for important-but-unglamorous refits, for example. Others are external, such as the sheer pace of change.

The

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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