Business
Combinations of new technologies will upend finance – The Australian Financial Review
The World Economic Forum says cloud and AI must be the core focus of bank IT investment as the automation of financial services gathers pace.
Banks have sat near the technological frontier for many decades but the maturing of artificial intelligence, cloud computing, distributed ledger technology, the internet of things, virtual reality, 5G networks and quantum computing at similar times will create unprecedented challenges for institutions and their regulators.
The report points to NAB’s work to migrate applications into Amazon Web Services illustrating a broader trend that will see US cloud giants play a more fundamental role in th…
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