Navigating AI in Financial Services

Netweek 50 Technology Leaders, July 2024

Our CEO, Mr. Fotis Kosmatos, has been featured in Netweek's prestigious issue, "50 Technology Leaders", launched on July 28 with the Sunday newspaper VIMA.

In his insightful article, Mr. Kosmatos discusses the transformative benefits and challenges of AI in financial services. He emphasizes the importance of forming a unified AI strategy and integrating it into the business culture. Building customer trust in AI-based services is crucial, as financial institutions must ensure their AI systems are safe, reliable, and beneficial.

Mr. Kosmatos highlights the necessity of complying with the EU AI ACT framework and the evolving regulatory landscape. Effective data management and advanced analytics are essential for developing successful AI models that support competitive advantage.

Key points include the need for transparency in AI decision-making processes, the importance of robust data security, and the continuous development of specialized skills within organizations. Choosing the right strategic partner is vital for navigating AI complexities reliably and ethically.

Discover how Blend Technologies is leading the way in AI innovation in the financial sector.