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Algos shrugged: AI uptake still lagging in bank op risk

Risk managers acknowledge transformative potential of artificial intelligence – most, from a safe distance

Operational risk managers have found only limited use for artificial intelligence tools so far, with most banks avoiding the technology to help with risks such as IT disruption and change management, a new survey reveals.

However, some institutions have adopted AI for purposes including network analysis and as an early warning of op risk events – with others developing pilot projects in areas such

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