Financial servicesFirst-hand

A retail bank's AI book

Cards, fraud, KYC, wealth — governed like capital; two get cut.

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AI Initiative Portfolio Dashboard

Context

A retail bank runs twelve AI initiatives across cards, fraud, lending, and wealth. Each competes for the same delivery capacity and cloud budget; leadership wants a defensible kill/scale/hold call, not a champion's wish-list.

The decision

Fund on risk-adjusted ROI, not enthusiasm — the KYC pilot and the collections assist both destroy value at their current stage and should be cut to feed the two that are ready to scale.

What most miss

The hard call isn't what to scale — it's killing a well-liked pilot. A portfolio where nothing is ever killed isn't governed; it's unattended.

Stakes

Two negative-ROI initiatives hold the delivery capacity the scale-ready ones need — the cost of not deciding is the opportunity cost.

Takeaway · I govern the AI book like capital: fund the ROI, kill the theatre, and make the call visible.

First-hand · Business of AI · verified 2026-07-03

Sources: Financial-services AI portfolio governance — first-hand (cards & payments, American Express); Stage-gated capital-allocation practice

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