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Roman Eloshvili

Founder and CEO
XData Group
Member since
19 Apr
Location
Tallinn
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3
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Followed by John Sims, Martha Boyle and 5 others you follow

Bio

Roman Eloshvili is a visionary serial entrepreneur with a keen eye for trends and opportunities in Internet banking. As the founder and CEO of XData Group, Europe's leading B2B software development company, he's deeply invested in the advancement of Internet banking across the region. Mr Eloshvili is driven by the belief that by leveraging the best practices from global fintech hubs, Europe can realise the potential for seamless and cutting-edge Internet banking solutions for everyday users. Thus, his mission lies in contributing to the transformation of the traditional banking system and its evolution by offering advanced banking products with the assistance of AI technologies.

XData Group specializes in cutting-edge technology solutions tailored exclusively for banks. From front-end to back-end app development, the company handles the entire spectrum of Internet banking solutions.

Experience

Summary

Mr. Eloshvili embarked on his journey in finance over 20 years ago, initially venturing into investment real estate and traditional banking. With prior experience collaborating closely with prominent traditional banking institutions in Europe, he noticed a significant deficit in the adoption of advanced Internet banking solutions akin to those found in the world's leading fintech hubs.

Thus, in 2022, leveraging his expertise in crafting Internet banking solutions for traditional banks, he founded XData Group. Headquartered in Tallinn, Estonia, the company envisions strategic expansion with planned offices in Spain and Armenia.

Mr. Eloshvili has successfully completed courses and attained certificates in Fintech, Algorithmic Business Thinking, and AI for Business Strategy from MIT Sloan School of Management and IE University.

Latest opinions

Roman Eloshvili

From Human to Algorithm: How AI is Transforming Financial Advice

In the last couple of years, artificial intelligence (AI) has evolved from a new technology to a well-known term, integrating itself into various sectors. In fact, Capgemini research predicts that explosive GenAI adoption will only continue with three in five organisations seeing innovative work as the largest benefit of the technology. As AI bec...

02 August 2024 Artificial Intelligence and Financial Services

Roman Eloshvili

How AI can solve the biggest challenges in online banking for traditional banks

In the age where consumer preferences are shaped by digital convenience, online banking stands as a pivotal factor in the selection of financial institutions. Interestingly enough, an overwhelming 91% of people consider digital banking crucial when choosing a bank. Despite this, the satisfaction with online banking services has seen a decline, wi...

21 June 2024 Artificial Intelligence and Financial Services

Roman Eloshvili

AI is the perfect tool for banks to remain competitive with fintechs

Banks are becoming outdated today, especially with the rapid rise of the fintech sector that aims to provide a more efficient, cheaper, and user-centric alternative to conventional financial services. Based on Statista’s data, neobanks in Europe had an 11.1% market share in the banking industry, while their US-based counterparts accounted for 15....

22 April 2024 Artificial Intelligence and Financial Services

Roman writes about

  • artificial intelligence
  • payments
  • retail banking
  • financial inclusion
  • predictions

Roman's opinion archive

  • 2024 (3)
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