Data Issues Still Seen as Higher Investment Priority than AI
Investment spend is largely seen to be going to data management programs before emerging tech initiatives.
Despite widespread industry chatter around the perks and benefits of artificial intelligence (AI), banks are still largely concerned with more prosaic issues relating to data governance and management than they are emerging technologies.
The double whammy of data-intensive regulations going live in quick succession, specifically BCBS 239 and the General Data Protection Regulation (GDPR), in particular, has stretched the capabilities of bank technology and data departments.
In many instances
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