Colin Kerr, Principal Advisor in the corporate banking practice at Celent, reckons AI-driven developer productivity provides a possible solution to the burden of managing regulatory and industry compliance mandates with limited resources for transformation/change initiatives.
"Most corporate banks see increasing speed and agility as their top-ranked technology investment driver as the relative cost of running the bank increases, but a relatively small percentage of their budgets are allocated to growth initiatives, including new products and innovation," Kerr says. "Cloud-based architectures and GenAI are helping technology teams become more productive. Tools like Microsoft GitHub Copilot and Amazon Q Developer are transforming developer productivity and enable more resources to focus on innovation."
