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Reading Time: 6 minutesIn today’s rapidly evolving financial landscape, banks and financial institutions are undergoing massive digital transformations. They’re striving to maintain competitive advantages against both traditional rivals and new digital-first challengers. However, many organizations face a significant hurdle: the presence of legacy…
Reading Time: 3 minutesLast year, I was involved in a proof-of-concept (POC) in a major financial institution. It was mid-2023, and Generative artificial intelligence (Gen AI) was already reaching what’s known as Gartner’s ‘peak of inflated expectations.’ The POC was for a data…
Reading Time: 3 minutesIn June 2018 Martin Lewis, the U.K. money-saving expert, sat on the This Morning breakfast show sofa and explained how the new Open Banking regulations would herald a revolution in retail banking. He explained how banks will now need to…
Reading Time: 2 minutesOpen banking has promised a revolutionary transformation in the financial sector, aiming to empower consumers with greater control over their financial data. Introduced in the UK in 2018, open banking has the potential to reshape the way individuals interact with…
Reading Time: < 1 minuteBanks are subject to numerous regulations that are designed to protect customers and ensure the stability of the financial system. Compliance with these regulations is essential, not only to avoid fines and legal penalties, but also to maintain the trust…
Reading Time: 2 minutesIn today’s rapidly evolving financial landscape, it is more important than ever for financial institutions to stay ahead of the curve and offer tailored products and services that meet the unique needs of their customers. A significant inhibitor is the…
