AI will be ubiquitous in 2020 but overhyped in 2017 – Gartner

Artificial intelligence (AI) will be baked into nearly every new software product and service by 2020, but the rush to claim AI integration today is causing confusion, according to a new report from analyst firm Gartner. Light Reading (Banking Technology’s sister publication) reports that while virtually every company across industry verticals is busy today figuring out […]

Financial services consulting firm Arthur Andersen is back

Accounting and consulting firm Arthur Andersen, the folks who audited Enron, is back with 26 offices in 16 countries on five continents. In case you had forgotten; back in 2002, the company voluntarily surrendered its licences to practice as Certified Public Accountants in the US after being found guilty of criminal charges relating to the […]

Digitalisation will double bank IT spending in next four years

Bank IT spending in developed markets is set to double over the next four years, according to figures provided by analyst firm Gartner. The rise is driven mainly by the desire to reduce maintenance costs on legacy IT and support newer, digital technologies.