Standard Chartered says smarter AI use beats cutting-edge tech
Source: Asian Banking & Finance
Published on: 2026-10-16 04:19
AI-powered environmental assessments could save 5,000 staff hours annually. Banks should prioritise practical applications of artificial intelligence (AI) over advanced models to improve productivity, according to Standard Chartered PLC. Alvaro Garrido, the bank's group chief information officer, said ease of use and integration matter more than marginal improvements in AI performance. Standard Chartered expects AI-assisted environmental, social, and governance assessments to save 5,000 employee hours annually, whilst automated credit processes support 25,000 cases. Garrido, who has two decades of technology, cybersecurity, and operations leadership experience at BBVA, Nordea, and other companies and oversees technology decisions affecting 86,000 employees, said generative AI alone would not provide a lasting competitive advantage. Here is the rest of the interview: What's the bigg...
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