FinTech Magazine July 2024 | Page 171

“ Banks face challenges in achieving sustainability goals due to outdated systems , concerns about risk management , unclear metrics and fears of short-term revenue losses ”

PABLO ORVANANOS GLOBAL SUSTAINABILITY PRACTICE LEAD , HITACHI DIGITAL SERVICES
“ A well-thought-out approach to sustainability , supported by clear goals , effective policies and robust stakeholder engagement , is essential ,” he says .
“ AI can complement these efforts by providing insights and optimisation opportunities , but it should be seen as a tool rather than a silver bullet . Ultimately , success in sustainability initiatives hinges on the quality of the overall strategy and execution .” Dr Alexander goes on , to claim it is vital that AI is paired with human intelligence to achieve desired outcomes , while input data must be accurate to achieve full success when implementing AI in sustainable strategies .
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