Dirty Data Hinders AI in Banking

AI in banking is only as reliable as the data behind it. In Episode 2 of Brewing Curiosity: Banking Unfiltered, Diana Rothfuss is joined by Thomas French and Chris McHargue to unpack the data trust dilemma — why dirty, fragmented data holds AI back, and what banks can do to fix it. ▶️ Watch the full episode https://lnkd.in/g-RJJp6k #Banking #AI #DataQuality #TrustworthyAI #BrewingCuriosity

AI in banking is shifting roles. PwC’s Sean Viergutz explains, “Those that have really grasped the power of it don’t use it as a tool...They use it as a co-worker. They use it as a teammate.” See how banks are adapting with AI usage: https://pwc.to/4dp2X96

AI adoption in banking is accelerating — but modernization and trust remain critical challenges. In the first episode of Brewing Curiosity: Banking Unfiltered, we draw on IDC insights to look at: - The real state of data & AI across banking - Why many AI initiatives stall after pilots - How trust, governance, and modernization shape what scales A grounded, research‑backed discussion on where banks are today — and what needs to change to move forward with confidence. ▶️ Watch the episode: The State of Data & AI Across Banking https://lnkd.in/ekEkQVne #Banking #AI #DigitalTransformation #TrustworthyAI #BrewingCuriosity

Cost pressure isn’t new in commercial banking. What’s changed is the need to improve efficiency, invest in AI, strengthen control frameworks and scale operations, all at the same time. As AI moves from experimentation into production, banks are rethinking operating models to balance cost, control, resilience and speed without introducing new risks. Getting this balance right may define the next set of industry winners. Join our upcoming executive webinar: Scaling Commercial Banking Operations: Balancing Cost, Control and AI Strategy - where senior banking leaders discuss how commercial banks are evolving operating models, leveraging AI and building smarter, scalable operations. Secure your spot: https://lnkd.in/dfKMqgze Thomas Stenger Patricia Hooker Mike Mason Doug Bowers #CommercialBanking #BankingOperations #ArtificialIntelligence #RiskManagement #BankingTransformation #CommercialLending #OperationalExcellence #BankingInnovation

AI adoption in banking is accelerating — but modernization and trust remain critical challenges. In the first episode of Brewing Curiosity: Banking Unfiltered, we draw on IDC insights to look at: - The real state of data & AI across banking - Why many AI initiatives stall after pilots - How trust, governance, and modernization shape what scales A grounded, research‑backed discussion on where banks are today — and what needs to change to move forward with confidence. ▶️ Watch the episode: The State of Data & AI Across Banking https://lnkd.in/eeghz7jQ #Banking #AI #DigitalTransformation #TrustworthyAI #BrewingCuriosity

AI adoption in banking is accelerating — but modernization and trust remain critical challenges. In the first episode of Brewing Curiosity: Banking Unfiltered, we draw on IDC insights to look at: - The real state of data & AI across banking - Why many AI initiatives stall after pilots - How trust, governance, and modernization shape what scales A grounded, research‑backed discussion on where banks are today — and what needs to change to move forward with confidence. ▶️ Watch the episode: The State of Data & AI Across Banking https://lnkd.in/evAaPySn #Banking #AI #DigitalTransformation #TrustworthyAI #BrewingCuriosity

One of the biggest misconceptions in banking right now is that #AI problems are technology problems. In many cases, they’re actually data problems. Over the last several months, we’ve heard a consistent concern from bank leaders: “How can we trust AI outputs if the underlying data is fragmented, inconsistent, or manually managed?” That concern is valid. In the first article of Lumio CEO Edward Vincent's new executive perspective series - "AI in Banking: From Hype to Execution" - he explores why trusted data foundations may ultimately matter more than the models themselves. Because in banking, bad data doesn’t just create bad outputs anymore. It creates fast, confident, and potentially costly decisions. https://lnkd.in/eTtDz8NH #InsightToAction #CommunityBanking 

AI in banking isn’t just about speed or automation, it’s also about transparency. As AI becomes more embedded in customer-facing experiences, explainability matters. If decisions feel unclear or impossible to understand, confidence can quickly erode. In our latest article, we explore why ethical, explainable AI should be part of how financial institutions think about digital experience design: https://bit.ly/4wCltmb

AI is only a ‘solution’ when used properly. That’s why StandardC built a privacy-first AI for financial institutions. Our patent-pending architecture prevents PII and sensitive data from ever reaching any AI model, while keeping results reproducible and defensible to even the strictest federal examiner. #AI #banking #standardc

Great article Ira Robbins! Couldn't agree more - AI should be approached as a "connectivity solution" rather than a workforce threat. By offloading the "background work" to AI, banks can actually empower their employees to focus on delivering the guidance and support that defines the industry’s value. Too often, we get asked why should we consider Identifee's AI, IDA, versus Generic AI, such as Copilot. In the example of Copilot: Both tools earn their keep — they just do different jobs. Copilot is the productivity layer for every Microsoft user: faster documents, emails, and spreadsheets. IDA is hired ready for banks and credit unions — with hundreds of turnkey FI agents, gated industry content, and core-banking data activated in weeks. The question shouldn't be which AI to use, but where each one sits in your stack. Keep Generic AI, Copilot, as the generic productivity layer for everyday office work. Add IDA where generic AI has to learn on the job — banking rules, FI workflows, core-banking data, and account-holder answers. Be on the lookout in the coming days for a list of what makes IDA purpose built for banks and credit unions. #banks #creditunions #changemeetsprogress