Small and midsize banks can't shy away from AI

Fear, uncertainty and doubt are tainting the banking industry's views of artificial intelligence. There's so much noise about AI, it's reminiscent of irrational fears about electricity or even the microwave -- it's going to take away our jobs, is more dangerous than nuclear weapons and will have a negative impact on our cities. From my perspective, it's important to be cautious when we evaluate new technologies, but I'm an optimist at heart. I believe in the power of technology to create value and transform lives. The individuals who are responsible for AI have the capacity to create guardrails and ensure that these new approaches to data science do not have a negative impact.