What does it take for financial institutions interested in AI technology to move from the point of experimentation to actual execution?
In this Streamly Snapshot interview, conducted at FinovateSpring in San Diego, California earlier this year, Global Director of VASS Financial Services Javier Pérez García talks about what financial institutions need to know in order to make the most of their investments in AI and how VASS is leveraging AI to transform and enhance financial services. García also talks about the value of execution relative to experimentation and shares his thoughts on real-world AI technology deployment in fields such as fraud prevention and compliance.
“You only get to that space where you are jumping from experimentation to execution if you align three major skills: one, deep knowledge of the technology … the second is knowledge of financial services, something the financial entities already have covered. But they don’t have enough experience, this is the third skill, of deploying AI. Why is this important? You might decide the right use case, but maybe you don’t have enough data, maybe the expectations that have been generated inside the organization are too high … You need the experience of someone else to help you … to define and identify if that investment is going to come in the first weeks of the project.”
VASS is an international digital transformation company that helps people, organizations, and businesses around the world provide best-in-class digital solutions to customers in banking, insurance, telecommunications, retail, media, public administration, and more. Founded in 1999, the company is based in Madrid, Spain.
Javier Pérez García is Global Director at VASS Financial Services, a team of experienced professionals with track records in helping fintechs, banks, and insurers modernize and reach their technological transformation goals. García has deep expertise in financial services IT architecture, AI deployment, and compliance-driven digital transformation strategies. He leads global modernization programs for banks and fintechs, aligning complex tech initiatives with regulatory requirements and helping institutions scale AI from pilot to production.
Photo by Michal Czyz on Unsplash