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3 results for "legacy infrastructure"

A financial trading floor related to 84% of Banks Claim Enterprise AI. Most Can't Show the Return

84% of Banks Claim Enterprise AI. Most Can't Show the Returns.

A new nCino report finds 84% of banking executives claim enterprise AI deployment, but most are measuring adoption rather than ROI — and legacy systems are consuming 70% of the IT budget needed to change that.

2h ago

Finance & Banking · 4 min read

Augustus Debuts as the World's First AI-Native Clearing Bank

Augustus, led by CEO Ferdinand Dabitz, is positioning itself as the world's first AI-native clearing bank — built from the ground up on agentic AI, with no legacy infrastructure to retrofit.

May 18

A office where a person is deploying related to Banks Are Spending Billions on AI. Almost None of It Is in P

Finance & Banking · 4 min read

Banks Are Spending Billions on AI. Almost None of It Is in Production.

Global banks are investing record sums in AI while deploying almost none of it at scale — held back by regulatory explainability requirements, legacy infrastructure, and model validation backlogs.

Apr 27