CaixaBank creates first AI and data division
Banking

CaixaBank creates first AI and data division

4h ago

CaixaBank has created its first division dedicated to artificial intelligence and data. The Spanish financial services group said the unit is meant to accelerate its digital transformation efforts. The move places AI and data closer to the centre of the bank's strategy.

The division will combine responsibility for AI and data initiatives, giving CaixaBank a more focused way to pursue technology-driven change. Banks increasingly view such capabilities as essential to improving efficiency, strengthening risk management and developing new customer services. Such work has become a priority for many lenders seeking to modernise their technology stacks.

For CaixaBank, the step reflects a wider shift in banking, where AI and analytics are no longer confined to isolated projects. Instead, institutions are looking to embed these tools across their operations. The new division is intended to help the lender move faster on that agenda.

The announcement adds to the growing attention that European lenders are paying to AI and data. As competition and customer expectations evolve, banks are investing in the expertise needed to make better use of information. CaixaBank's new unit will aim to turn that priority into tangible progress.

Source: Finextra