EMERGING BANKING
identifiable information falls under the most stringent governance . This dampens the spirit of innovation as banks need to collaborate and share data with one another to solve the world ’ s toughest financial problems such as AML or fairness in credit decisioning .
Thanks to evolving technology in the field of private AI , banks now have a suite of privacy enhancing tools ( PETs ) to collaborate at scale and solve these pressing financial problems together , without the requirement of physical dataset share , moving data , or manual partner agreements . PETs allow them to answer questions and develop models collaboratively with data they cannot see in a completely decentralised fashion for fully remote data science and analysis . This allows banks to own their own data , which never leaves their servers , and allows external model developers and software engineers to work with data in a private manner and build models and apps without needing physical access to datasets . Private AI and the suite of PETs are driving the future of collaboration and innovation in financial services , giving data its invisibility cloak .
CORELESS ARCHITECTURE
ABHISHEK BHATTACHARYA GROUP VICE-PRESIDENT PUBLICIS SAPIENT
Modern , cloud-based core banking systems ( CBS ) are facilitating a move towards coreless architectures , which in turn will drive innovation and transform customer experience in the banking world .
In the 2022 Publicis Sapient Global Banking Benchmark Study , which surveyed
50 February 2023