Davide Martucci, CEO of Next Gate Tech, will speak at the upcoming panel discussion ‘Industry Spotlight: How Financial Services are Banking on the Future of AI’ during London Tech Week. His insights will highlight the role of AI in transforming the financial sector and showcase Next Gate Tech’s leadership in driving innovation in banking.
What motivated Next Gate Tech’s participation in London Tech Week?
London Tech Week is the ultimate gathering for technology enthusiasts, innovators, and industry leaders. As a fintech company at the forefront of data management and analytics automation for the financial sector, we are excited to be part of that event and exchange with other tech companies from different backgrounds and industries, exchange about trends and new technological opportunities.
What topics will Next Gate Tech focus on during the discussion on the future of AI in the financial services industry?
It will be a great opportunity to discuss about the current state of AI in financial services and how the different types of data analytics can be applied: diagnostic and descriptive analytics to spot and understand what happened in the past as well as predictive and prescriptive analytics to determine what could happen and recommend actions.
“It is a matter of education and trust for the industry to embrace it […]”
Davide Martucci, CEO of Next Gate Tech
How does Next Gate Tech see the role of AI shaping the future of financial services?
AI has already started to make an impact on the financial industry side, we see more and more companies willing to embrace smart innovation, go away from production base systems and embrace intelligent “exception-based” processes. The right combination of new technologies can really streamline complex business processes.
What challenges does Next Gate Tech anticipate in implementing AI in the financial sector, and how are they addressing them?
We believe it will need a lot of education first and it will be important to demonstrate all security measures to be implemented around those technologies to be fully adopted by the financial industry. This can take time. It is a matter of education and trust for the industry to embrace it, like it’s been the case for every new technology, think about cloud based systems.
Is AI really the answer to the financial industry challenges?
While there are still several challenges to overcome, I do believe that the combination of different parts of AI, such as machine learning algorithms combined with proper technological infrastructure, e.g. cloud based computing, can improve operational efficiency and reduce operational risks.
