Why banks AI strategy stalls: Architecture, readiness, and board pressure with Endava's Eugene Deeny

According to technology services and consulting company Endava, 92% of bank leaders feel prepared for agentic AI, but only 36% have funded strategies to act on it.

In this episode of Banking Reinvented, recorded live at ENGAGE Americas in Nashville, host Tim Rutten sits down with Eugene Deeny, Principal Industry Advisor at Endava, to explore what stands between banks and AI at scale.

Eugene argues that the gap between strategic intent and operational readiness is an architectural problem that decades of incremental improvement within fragmented operational silos have made significantly harder to close. 

The digital transformation journey of the last decade and the AI journey share the same prerequisites, but the difference is that AI is not giving anyone a decade to get there.

The conversation also covers what it takes to organize a bank for AI adoption, why governance and transparency matter more than organizational structure, and why the institutions that will lead are the ones addressing the constraints that have always been there.

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