Join us for a riveting session with K Srinivasan (KS), our esteemed President & Regional Head – UK & Europe, along with the insightful Mithu Gupta, CMO & Head, User Experience at iGCB. Together, they dive deep into the essence of Open Finance, the impact of groundbreaking regulations such as FiDA, PSD3, and the Data Access Act, and how these developments are reshaping the banking industry beyond its traditional boundaries.
KS unveils the potential that lies in adopting an ecosystem-centric mindset, arguing that for banks worldwide, this is not merely an option but a strategic necessity.
Moving on, KS shares unparalleled insights into the transformative power of deploying a multi-core strategy. He says that this strategy is pivotal for legacy banks aiming to leap into the future, ensuring they remain not just relevant but ahead in the competition.
The pathway to leveraging Artificial Intelligence in the financial sector is intricate, with the greatest hurdle being access to data within legacy systems. With fervor, KS highlights the critical need for AI to revolutionize banking experiences transparently and efficiently, making accessing and utilizing legacy data paramount. Giving a glimpse into the advantages of AI, he talks about its relevance in providing digital loans, reducing underwriting time from days to minutes.
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