The financial services (FS) industry is facing major disruption from financial technology companies (fintechs) and digital-only banks that are leading the way in the digital transformation of banking. This transformation is increasingly characterized by the development of banking products and services that are based on artificial intelligence and machine learning (AI/ML) technologies. According to AI-bank of the future: Can banks meet the AI challenge? from McKinsey & Company, FS organizations must deploy AI/ML technologies at scale if they want to stay relevant. To deploy AI/ML technologies at scale, FS organizations must first unlock the business value of their data.
