How to embed artificial intelligence in a Bank?
Artificial intelligence awareness has risen sharply in the market recently, generating great opportunities for businesses but significant challenges: the supply of talent has not increased in line with demand, the mindset of the community remains strongly focused on academic research and the trickiness of deploying AI in business processes has remained largely ignored in all but the most advanced organisations. On top of these challenges, there appears to be a growing rift of AI capabilities between tech giants and all others. In this context, how can a mid-sized bank remain competitive and generate value from AI opportunities? Deep collaboration with the community (academics and businesses), state of the art training programs for internal resources, well integrated multidisciplinary teams and a focus on delivery of value are some of the simple but successful approaches that will be discussed to face those challenges.