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  "documentTitle": "KPMG global tech report: Financial services insights",
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      "text": "As fast as financial services companies are adapting, bad actors are weaponizing technologies with the aim of manipulating people, businesses and governments, and eroding trust. As a result, financial services companies are less confident in investing in new technology than a year ago, with the KPMG 2024 Banking CEO Outlook¹ revealing that only 43 percent of respondents are confident that their organizations’ cyber security defenses can keep up with the challenges thrown up by advancements in AI. Technical debt that has built up through years of underinvestment in core systems is worsening the situation, with many financial executives (58 percent) in the KPMG Global Tech Report research saying that flaws in their foundational enterprise IT systems disrupt business-as-usual on a weekly basis.",
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      "text": "In a mission to build consumer trust, organizations across financial services face strong headwinds. Geopolitical tensions are disrupting every sector, impacting supply chains and financial systems, limiting access to capital, pushing up the prices of goods and commodities, and, ultimately, impacting economic stability. Technological advancements and greater regulatory burdens are also creating new uncertainties, leading to a fragile reputational risk environment.",
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      "text": "1 https://kpmg.com/xx/en/our-insights/value-creation/kpmg-2024-banking-ceo-outlook.html",
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