LFP 271 – From hype to execution: Deploying AI in banking with EJ Achtner, ex-Head of AI at HSBC
In this episode of the London Fintech Podcast, Tony Clark is joined by EJ Achtner, former Group Head of Generative AI Capabilities at HSBC, to explore the transformative power of AI in the financial services industry. They delve into what it really takes to implement AI at scale in highly regulated, complex environments and the potential challenges and opportunities this presents.EJ shares insights into leading enterprise-level AI transformation, from the early days of tools like ChatGPT to establishing robust governance frameworks and aligning AI strategies with business goals. The conversation goes beyond the buzzwords, focusing on how AI can drive productivity, improve customer outcomes, and unlock innovation when used responsibly.They discuss the common hurdles that prevent AI projects from progressing beyond the proof of concept, the importance of data quality, and how strong model risk management is crucial for successful AI adoption. EJ also highlights the importance of human oversight in high-stakes environments and the role of cross-functional collaboration in ensuring successful outcomes.Topics Covered:• AI has reached a turning point in accessibility and real-world impact• Successful adoption requires strong governance, clear business goals, and strategic leadership• Generative AI must be treated as an enabler, not a silver bullet• Human oversight and cross-team collaboration are essential for managing risk• Organisations must focus on data quality and upskilling their workforce to keep paceWhether you’re in strategy, tech, or operations, this episode offers valuable, practical insights for embedding AI within your organisation and doing it the right way.