How banks can build a risk-intelligent approach to core modernization
Banks aren’t short on AI ambition. Across the industry, there are almost weekly announcements about new deployments, new partnerships, and new capabilities.
But amidst the lofty pronouncements, not enough attention is given to building the underlying architecture that makes any of it sustainable.
The UK Treasury Committee has already warned that the financial system is not adequately prepared for a major AI-related incident, and from where I sit, that warning is aimed squarely at how modernization programs are being run.
This is a governance problem which stems from unmade decisions; most banks have yet to make the strategic, organisation-wide commitment that should determine what gets built, before anyone starts building.
There is a real opportunity to be grasped by inviting the risk team to be part of design before you begin delivery.
Risk teams are being invited to the table too late
In traditional program structures, risk and compliance are...
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