Implementing Gen AI in small banks requires careful strategies that avoid complete overhauls due to regulatory and technological hurdles. Institutions with less than $10 billion in assets should adopt a bottom-up approach by identifying specific use cases that can greatly impact operations. This approach allows for gradual learning and adjustment that builds towards a comprehensive strategy. Aligning cultural shifts with technological advancements is crucial to ensure competitive efficiency and successful operational integration across the firm.
"Complete overhauls are difficult to undertake and don't work well for Gen AI implementation. Institutions should think bottom-up to identify point solutions and specific use cases."
"The implementation strategy should align cultural shifts with technological adoption to ensure real-world applicability and competitiveness in the financial sector."
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