TECHNOLOGY PLATFORMS focus on innovating and creating , as they would need to spend less time on tasks that could be automated . It can be particularly useful in areas such as compliance , where it can perform mundane or “ boring ” tasks like checking alerts or completing enhanced due diligence ( EDD ) checks .
The technology can also be the first port of call for customer support . As such , Gen AI can make fintechs – and the people behind them – more time and cost-efficient .
Rajasekar Sukumar The next generation of fintech platforms will integrate Gen AI significantly , marking a transformative shift across the entire financial services sector , from strategy to execution . The hype surrounding Gen AI has caught the interest of C-suite executives across various industries , compelling IT leaders to deliver results that generate measurable ROI . fintechmagazine . com 131