Global Fintech Fest (#GFF) - a learning place for entrepreneurs
global fintech festival (#gff)

Global Fintech Fest (#GFF) - a learning place for entrepreneurs

Samir Kumar Sahoo Samir Kumar Sahoo

Samir Kumar Sahoo

Founder & Chief Executive @ Aptus Data Labs | Building Enterprises Data & AI Solutions.

发布日期: 2024年8月31日
+ 关注


Visited a few booths at the Global Fintech Fest (#GFF) in Mumbai, the transformation of the Banking, Financial Services, and Insurance (BFSI) industry through Generative AI was a key focus.

The event brought together fintech leaders, innovators, and technology experts to explore the potential of Generative AI in reshaping the financial sector.


A few key high-level? solutions on Generative AI caught my eye at #GFF Mumbai:

?

  1. Personalized Customer Experience: Tailored Financial Services for business groups , Advanced Chatbots, conversational AI, and Virtual Assistants, SOP generation and rewrite
  2. Fraud Detection and Risk Management: Enhanced Fraud Detection, Risk Assessment and Credit Scoring, eKYC or KYC or consent management
  3. Operational Efficiency and Automation: Automating Repetitive Tasks, Smart Contracts and Blockchain Integration
  4. Regulatory Compliance and Reporting: Automated Compliance Monitoring, Automated audit execution for both internal and statutory auditing, Regulatory compliance solutions covering RBI, Banking, Insurance, SEBI, Wealth Management and capital market, AI in Regulatory Technology (#RegTech)
  5. Innovation in Financial Products and Services: Dynamic Product Development, AI-Driven Investment Strategies
  6. Challenges and Ethical Considerations: Data Privacy and Security, Bias and Fairness in AI Models and Responsible Data use
  7. Few Latest Scoops on Fintech product launch: Axis Bank launches #neo app with Visa, Some investments vary from USD 1M to 100M+

The discussions at #GFF Mumbai underscored the transformative impact of Generative AI on the BFSI industry. From enhancing customer experiences, improving fraud detection, automating operations, and ensuring regulatory compliance, AI is set to revolutionize financial services.

领英推荐

However, it is also crucial for financial institutions to address challenges such as #datafoundation,? #datagoverance, #dataprivacy, #datasecurity, #EthicalAI, and #Responsibledatause considerations to leverage the potential of AI fully.


Aptus Data Labs #GFF #globalfintechfest #generativeAI Everest Group

Global Fintech Fest National Payments Corporation Of India (NPCI) ?#bfsi #fintech #Banking #RegTech #InsurTech 英伟达 Amazon Web Services (AWS) OpenAI DataStax #vectordatabase #vectordb


?

?

?

Sekhar Subramoney

Senior Consultant & Marketing Head Aptus Data Labs, EMEA Region

3 周

In a world undergoing rapid advances in technology, the plethora of tech fora can be confusing; great insights by Samir Kumar Sahoo here, who has unpacked multivariate possibilities in the field of fintech.

赞
回复
V Adiseshu Naik

Sr. Data Scientist at Aptus Data Labs | PGDBA'19 (IIM Calcutta, IIT Kharagpur, ISI Kolkata) | Ex-NTPC Ltd.

1 个月

Great to see you representing Aptus Data Labs at the Global FinTech event in Mumbai! Exciting times ahead as we continue to innovate and lead in the industry. Looking forward to hearing more insights from the event! #GFF

赞
回复
Raghav Magotra

Data Scientist || AI Engineer || Trader || Civil Engineer

1 个月

Thank you for sharing your insights from the Global Fintech Fest, Samir Kumar Sahoo . It's exciting to see how Generative AI is driving innovation in the BFSI sector. The potential to enhance customer experiences and streamline operations is immense. As you highlighted, addressing challenges around data foundation, governance, and security is crucial. Balancing innovation with ethical considerations will be key to unlocking the full potential of AI in financial services.

赞
回复
1 次回应
查看更多评论

要查看或添加评论，请登录

Samir Kumar Sahoo的更多文章

社区洞察

其他会员也浏览了