Banking sector faces pressure to adapt as Rackspace Technology CTO calls for greater AI flexibility

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Andrey Mastykin

30.07.2026

Banking sector faces pressure to adapt as Rackspace Technology CTO calls for greater AI flexibility — Rackspace urges banking AI flexibility

As artificial intelligence adoption accelerates across industries, flexibility is becoming a central concern for technology leaders.

Simon Bennett, Chief Technology Officer at Rackspace Technology, addressed the critical need for adaptability in AI strategies during his appearance at the recent Banking Transformation Summit. Bennett outlined how banks must evolve their technology infrastructures to fully leverage AI solutions while remaining agile in a rapidly changing environment. His insights underscore the growing urgency for financial institutions to reassess and modernize their digital frameworks as AI becomes more deeply embedded in banking operations.

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In recent months, Rackspace Technology has called for increased investment in private cloud infrastructure to meet growing AI workload demands. The company has also accelerated enterprise AI deployment by leveraging Microsoft Azure expertise for greater operational efficiency. These initiatives align with Bennett’s emphasis on adaptability and modernization in banking technology.

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