StanChart Sweeps Out Nearly 100 Software Apps as CFO Deploys AI

Standard Chartered Plc’s embrace of artificial intelligence has allowed the banking giant to ditch dozens of software programs as it continues to hunt for ways to root out expenses across the firm.

That roll-up included consolidating 55 different systems used to track IT incidents into one program, Chief Financial Officer Diego De Giorgi said in an interview on Bloomberg Television’s Chief Future Officer program. The bank also created one super app that replaced 40 different software programs managing everything from the firm’s pension plans to its employment contracts.