Why banks shouldn't wait for AI to fix the Gen problem [Yahoo! Finance]
KASIKORNBANK PCL UNSP/ADR (KPCPY)
NASDAQ:AMEX Investor Relations:
kasikornbank.com/en/ir/contact
Company Research
Source: Yahoo! Finance
It's an appealing idea, but a dangerous one. Waiting for AI to “solve” problems introduces cost, risk, and uncertainties that grow with every year of delay. This is particularly prevalent in the banking industry and its continued reliance on legacy systems, such as Gen (formerly CA Gen, COOL:Gen)– which played a key role in modernising the sector in the 1990s but is considered outdated in the age of cloud, data and AI. Gen is still used to build and maintain some of the most critical applications in many of the worlds' leading banks and insurance companies. It's also tightly interwoven with other systems and many of the regulatory policies and requirements that must be conformed to. Banks recognise the need to move away from Gen as costs, risk and uncertainty grow with every year of delay. What's more, the pool of available Gen skills is diminishing, making the modernisation a business imperative for both continued operation and future innovation. AI and automation are changing
Show less
Read more
Impact Snapshot
Event Time:
KPCPY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KPCPY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KPCPY alerts
High impacting KASIKORNBANK PCL UNSP/ADR news events
Weekly update
A roundup of the hottest topics
KPCPY
News
- ICONSIAM Drives Its Destination Marketing Strategy to Elevate Bangkok as a Global Chinese New Year Destination [Yahoo! Finance Canada]Yahoo! Finance Canada
- ICONSIAM to Host "Amazing Thailand Countdown 2026" Showcasing Thailand as One of the World's Top Countdown Destinations [Yahoo! Finance Canada]Yahoo! Finance Canada