ArcOne’s Impact at BIAN London 2024: AI Innovation in Action
Why managing AI risk presents new challenges
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The difficult of using AI to improve risk management
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How to bring AI into managing risk
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Pros and cons of using AI to manage risks
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Benefits and opportunities for risk managers applying AI
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ArcOne showcased its innovative approach to AI-driven pricing and billing at the BIAN London 2024 conference, solidifying its role as a key player in the transformation of financial services. The two-day event offered an incredible opportunity to engage with industry leaders, reconnect with old friends, and forge new partnerships.
Panel Spotlight: The AI-Driven Evolution in Banking
On day one, ArcOne CEO Shay Sabhiki and VP of Product Strategy Darren Cherry joined forces with Nishan Jabenasum, Global Head of Banking at Capco Consulting & Co., to lead the panel “AI-Driven Evolution in Banking: The Role of BIAN in the AI Era.” The discussion captivated attendees as the trio explored how AI, when aligned with BIAN’s open banking standards, can drive sustainable innovation.
Key topics included:
- The alignment of AI capabilities with BIAN’s architecture standards.
- Deploying AI to streamline banking processes for greater operational efficiency.
- Predictions for how AI will reshape customer experiences and banking strategies over the next decade.
Shay emphasized the importance of collaborative ecosystems, noting that “unlocking AI’s full potential in banking is a team effort that relies on interconnected innovation.”
Roundtable Discussion: AI Copilots and the Future of Banking Efficiency
Day two featured a packed roundtable hosted by John Andersen, ArcOne’s VP of AI Product and Sales and a former NASA robotics engineer. The session, “AI Copilots: Accelerating and Enhancing Organizational Productivity,” delved into the growing role of AI copilots as digital assistants designed to support decision-making and operational workflows.
Highlights included:
- Practical examples of AI copilots reducing manual intervention and optimizing workflows.
- Strategies for integrating AI with legacy systems seamlessly.
- Ethical considerations in balancing human and AI decision-making.
The lively discussion inspired attendees to imagine new possibilities for AI in their organizations, reinforcing ArcOne’s position as a thought leader in the space.
Recognition for Innovation
Capping off the event was the exciting news that ArcOne was nominated for the prestigious Innovative Technology Award. This recognition underscores the company’s cutting-edge contributions to AI-driven pricing and billing, demonstrating the scalability and adaptability of its solutions across diverse banking applications.
Looking Ahead
BIAN London 2024 was a testament to ArcOne’s commitment to fostering a smarter, more interconnected financial ecosystem. From thought-provoking panels to dynamic roundtables and personal moments with clients and partners, the event showcased the company’s vision and leadership in AI-powered transformation.
Follow ArcOne on LinkedIn for updates on our journey as we continue redefining what’s possible in banking technology!
