BMag Signal · In 30 seconds
Critical readWhat happened. The Italian industry still needs to advance in the field of AI and cloud technologies to achieve maximum technological autonomy. The difficulties in implementation are mainly due to the fact that European regions are increasing their technological autonomy through proposals such as the 'Cloud and AI Development Act'.
Italian industry still needs to advance in AI and cloud technology to achieve maximum technological autonomy. Temenos, a Swiss financial services giant, has stated that AI and new cloud technologies are not yet ready for large European banks. CEO of Temenos, Spiliopoulos, highlighted that many countries are trying to establish local data centers with data service proofs but these are still too slow to be considered sufficient for banks.
Furthermore, operational issues and regulatory restrictions remain significant obstacles for banks moving between different judges. According to Spiliopoulos, even though many regions are trying to increase their technological autonomy, European banks are not yet ready to adopt completely new technologies. This is due to the need to respect regulations and legal requirements concerning data security.
To achieve maximum technological autonomy, Spiliopoulos explains, will require time and attention. The search for solutions that can be used effectively by large banks will also require time and attention. Banks must overcome operational barriers and legal restrictions, which can be difficult to overcome.
CEO of Temenos concluded that European banks will be ready to adopt new technologies when they have been developed appropriately and when legal requirements have been respected. Regions Europe are looking to increase their technological autonomy through proposals such as the 'Cloud and AI Development Act'. This means that European banks may need to wait a little before being able to adopt new technologies.
However, even if European banks are not yet ready to adopt new technologies, it does not mean that there is no need to advance in the field of AI and cloud technology. What is important is that regions Europe move forward towards maximum technological autonomy. Finally, Spiliopoulos emphasized that the ultimate goal is to achieve maximum technological autonomy, but this requires time, attention, and correct implementation of proposals for technological autonomy.
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