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Gen AI Modernizing BFSI Operations

Gen AI Modernizing BFSI Operations

Explore the build-to-print manufacturing model, its cost-saving and scalable benefits, digital collaboration tools, and best practices for OEMs seeking efficient, quality-driven outsourced production partnerships.

August 16, 2024 8 min read Financials
Gen AI Modernizing BFSI Operations

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

As a Pre-Sales Lead specializing in Gen AI & Cloud, I bring extensive experience in leveraging cutting-edge technologies for business solutions. At Tredence Inc., I've been actively involved in designing and delivering impactful partner strategic cloud solutions, focusing on AI and GenAI applications for BFSI.

My role involves ideating, designing, and launching new products and accelerators built on platforms like Snowflake and Databricks, which often incorporate AI and GenAI capabilities. I lead solution design for AI-driven projects and empower teams through knowledge sharing in these areas. My experience at PwC and NTT Data also involved integrating AI solutions into cloud and IT architectures for various sectors, including BFSI and government.

Q2. Are there recent or planned investments in gen AI technology to improve the operational efficiency of the BFSI?

As per Mckinsey's report of 2023- Recent investments in generative AI aim to enhance operational efficiency in the BFSI sector. Generative AI could add $2.6 trillion to $4.4 trillion annually, with 75% of the value coming from customer operations, marketing, sales, software engineering, and R&D.

Banking could see an…

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