Alex Kreger Founder & CEO at UXDA
The modern banking executive faces a pervasive challenge: how to innovate effectively in a rapidly evolving digital landscape. They are increasingly drawn to the allure of cutting-edge technologies─from AI and blockchain integration to cloud-based infrastructure and open banking APIs. However, when creating digital financial products and services,...
08 July 2024 /retail /predictions Innovation in Financial Services
Kaustuv Ghosh Founder at Nxtgen Payment Infra. Prometheus Labs.
I had an hour-long conversation with my peers at the World Finance Council panel discussion in Singapore recently. While we were talking about ESG and fintech, it is becoming increasingly clear that we need to consider a whole-of-ecosystem approach rather than fitting issues within silos. The key challenge in all this is uncertainty. Global supply...
08 July 2024 /payments /retail Asia Financial Services
Vishnu Prasad R Lead Enterprise Architect at Tata Consultancy Services
Drawing on my experience as an enterprise architect in the BFSI sector over the past few years witnessed firsthand dramatic evolution of enterprise architecture (EA) and its increasing importance in driving strategic initiatives. This article throw light on the latest trends in the space of (EA) Enterprise Architecture, underscores the pivotal ro
04 July 2024 /retail /sustainable Banking Architecture
Anup Chandrashekar Vice President at Sonata Software
In the dynamic realm of banking, innovation has been the cornerstone of evolution and customer satisfaction. From the pioneering days of ATMs to the digital revolution brought forth by internet and mobile banking, financial institutions have always been at the forefront of embracing technological advancements. Today, as we embark on the cusp of a ...
01 July 2024 /ai /retail Artificial Intelligence and Financial Services
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
The fintech sector is undergoing significant changes as it embraces sustainability and ethical principles. This movement, known as green fintech, is transforming financial services to address environmental and social issues. Understanding Ethical Finance Traditional financial metrics such as profitability and revenue remain crucial, but ethical fin...
25 June 2024 /payments /retail Banking Strategy, Digital and Transformation
Raktim Singh Senior Industry Principal at Infosys
A Scalable Vector Database, a cutting-edge solution, is meticulously designed to efficiently manage high-dimensional vector data. Unlike traditional databases that handle data types such as strings and integers, vector databases are specifically engineered to store, index, and query vectors, which are numerical arrays representing features or chara...
25 June 2024 /ai /retail Technology for Social Good
Integrating AI into banking services will obviously revolutionize the user experience in financial services, offering real-time advice and 24/7 transaction monitoring. However, this shift not only enhances user experience but also addresses critical data privacy concerns. Unlike traditional cloud-based AI, on-device AI, as introduced by Apple, pro...
25 June 2024 /retail /predictions Artificial Intelligence and Financial Services
Simon Kent Global Head of Financial Services at Kearney
Artificial intelligence (AI) is set to transform the banking industry as we know it, and top management in the sector must prepare for this period of disruption before it is too late. If they do, the rewards are significant with industry leaders already predicting that AI could boost revenues by almost $1 trillion by 2030[1]. While banks are curre...
24 June 2024 /ai /retail Banking Strategy, Digital and Transformation
Concept of Self Supervised Learning Self-supervised models generate implicit labels from unstructured data rather than relying on labeled datasets for supervisory signals. Self-supervised learning (SSL), a transformative subset of machine learning, liberates models from the need for manual tagging. Unlike traditional learning that relies on labeled...
20 June 2024 /ai /retail Technology for Social Good
Nick Green Director at Purple Patch Broking Ltd
The fintech industry has faced major hurdles due to economic ups and downs and changing regulations. This has forced fintechs to rethink their rapid growth plans. Unbridled expansion is no longer viable. Now, fintechs must prioritise sustainable and profitable growth over the long term. As a major contributor to the economy, the UK fintech sector ...
20 June 2024 /retail /crime Fintech
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