Banks need a wealth of customer data to leverage AI technologies. Open banking rails could help to fill in the gaps.

AI can enable banks to streamline their business, but they should also account for data maintenance and employee training when implementing new technologies.

Artificial intelligence use cases are exploding within banking, even as a majority of respondents in Bank Director’s 2024 Technology Survey said their institution lacked AI use policies.

Regulators are warning financial institutions that malicious actors are using artificial intelligence to make their attacks more effective.

There are steps financial institutions can take to implement artificial intelligence safely as adoption grows.

Ally Financial is searching for technology partners, including startups, to help it manage and oversee risks stemming from artificial intelligence.