Small and medium-sized banks are more hesitant to implement AI due to governance, costs and technical demands of the technology. While 61% of financial institutions have deployed AI or machine learning tools, only 12% have a clear strategy in place, underscoring the governance and execution challenges holding many banks back, according to a white paper released Feb. 4 by consultancy Wolters Kluwer. Chicago-based Go Abacus is […]
