Technology is driving a radical shift in the way consumers and businesses bank. While customer experience (CX) has always been important to financial institutions, it has now becoming a core component of every operation in the banking industry as their customers are demanding a faster, secure and personalized experience. This eBook discusses ways that banks can modernize and improve their business practices, branches, and technology to meet the expectations of today's customers.
What you will learn in this eBook:
The EU AI Act is binding law with extraterritorial reach and enforceable fines. NIST AI RMF is voluntary US guidance influencing federal and state policy. ISO/IEC 42001 is a certifiable management system standard. The three converge on governance, risk management, transparency, and human oversight — so a well-designed control posture may help address elements common to all three. Each nonetheless has its own scope and its own compliance route, and alignment with one does not establish compliance with another.