Singapore PM Touts Good Ties With US, China Amid Trade Tensions
'We have broad and substantial relations with both America and China,' he said at the World Economic Forum in Tianjin on Wednesday.
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How AI Agents can transform banking operations: 3 principles for ‘endgame', not ‘game over'
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For AI Agents to be meaningfully integrated into core business operations, they need more than a generalised grasp of the world (what we might call a 'Public World Model'). Agents also require a 'Private World Model', a real-time, contextual understanding of the specific business environment they serve. This Private World Model is what enables AI to move beyond basic task automation and operate with the discretion, safety, and strategic alignment necessary for use in high-stakes settings like risk, compliance, or customer operations. Building it takes more than data. It takes a structured approach that brings business context into every layer of AI deployment. Banks seeking to move from early experimentation to strategic, at-scale adoption should follow these three key principles: For AI Agents to deliver value, they must be embedded into the operating model, not bolted on as isolated tools. That means defining their purpose, boundaries, and how they interact with human teams from the outset. In practice, this requires cross-functional alignment. That means bringing together risk, compliance, technology, and business operations to ensure governance is embedded and responsibilities are clearly allocated. It's about answering the operational questions before the technical ones. For example: What will the agent do? What decisions can it make? How will performance be measured? How will human oversight work? In highly regulated banking environments, this level of discipline is essential. Poorly integrated AI risks duplication, degradation of service quality, or worse, regulatory breaches and reputational harm. Successful AI programmes treat these issues as first-order design considerations, not afterthoughts. The temptation to adopt AI Agents quickly across the enterprise is understandable, but rarely effective. A more sustainable approach begins with well-defined use cases that offer a high return with manageable risk. One clear example is JPMorgan Chase's COiN (Contract Intelligence) platform, which uses AI to review commercial agreements. It reportedly cut error rates by 80% and freed up 360,000 hours of legal review time annually. This isn't a theoretical impact. It's measurable operational efficiency, delivered through structured implementation and ongoing oversight. Banks should look for similarly contained, repeatable tasks that are essential but burdensome. These create ideal environments for AI Agents to demonstrate value while allowing teams to build institutional knowledge and governance muscle before expanding into more complex areas. AI deployment is not a one-off exercise. As business needs change and regulatory frameworks evolve, AI Agents must adapt in parallel. That means embedding feedback loops and performance monitoring from day one. Unlike static software, AI systems learn from data, and that data changes. Ensuring AI Agents remain aligned with business strategy requires structured retraining, robust monitoring, and clearly defined escalation routes when things go wrong. Change management for the human workforce is equally important. As tasks evolve, new skills and new ways of working are needed. Supporting employees through this transition is critical to building trust in AI, ensuring adoption, and maintaining operational integrity. Retail banks must act now to embrace AI Agents before they become the industry standard, rather than a competitive edge. The prize is substantial for those who are first adopters: greater efficiency, faster decision-making, more consistent compliance, and more responsive customer operations. But the route to get there is not through a single piece of technology. It's through a deliberate strategy grounded in business context and operational clarity. By focusing on integration, strategic implementation, and continuous learning, banks can shift from seeing AI as a bolt-on and start treating it as a vital core capability. Rather than triggering 'game over' for bankers, AI's real potential lies in shaping a more agile, resilient and scalable workforce where humans and machines complement one another. That's an endgame worth striving for. David Bholat is Professional and Financial Services Director at Faculty "How AI Agents can transform banking operations: 3 principles for 'endgame', not 'game over'" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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Nike, Lululemon Jump on Trump's Vietnam Trade Deal
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