Though some banks have begun to explore their options with respect to large-scale adoption of Google Cloud AutoML solutions, others have been reluctant due to concerns that security and code dependencies remain. In this report, we discuss these concerns in relation to current solutions and highlight key considerations and takeaway messages for financial institutions.

The current cybersecurity regulatory and compliance landscape is changing and disjointed. With no industry-adopted application to help map all regulatory requirements, organizations are forced to implement the ‘bottom-up approach’ to cybersecurity. This process is complex and time-consuming making regulatory compliance excessively complicated.