Purpose Driven FinTech AI: Deconstructing AI and Digital Transformation in Financial Services | Ara Abrahamyan, Board Advisor at Cognaize & Ameriabank
Incorporating AI in your tech stack is a digital transformation project among both big banks and FinTechs. To do it well it’s important first we understand the challenges of both digital transformation and AI.
In today’s episode Ara Abrahamyan shares with us his wealth of experience working in digital transformation projects in the largest banks in Europe and his experience working in the AI space in Financial Services.
We discuss how the DNA of FinTechs and incumbent banks are different, his fascinating career journey, how to breach the world between innovative tech, while still being able to stay in line and constraints with their priorities and pressure from investors, the struggles of implementing modern technology, and the role of culture in digital transformation.
We then move on to AI.
We discuss the biggest challenges when adopting AI, what to take into account to create an AI strategy, How Cognaize is helping Financial Services companies and the concept of “hybrid Intelligence” which is part of Cognaize’s proposition.
Ara is a Board Advisor at Ameriabank, an innovative bank in Armenia, and at Cognaize and AI FinTech.
Let’s dive into it!
👉 You can find Ara here
- LinkedIn: https://www.linkedin.com/in/araabrahamyan/
- LinkedIn Cognaize: https://www.linkedin.com/company/cognaize/
- Website: https://www.cognaize.com/
- LinkedIn Ameriabank: https://www.linkedin.com/company/ameriabank-cjsc/
- Website: https://ameriabank.am/
👉 And you can find Monica here:
- LinkedIn: https://www.linkedin.com/in/monicamillares/
- YouTube: https://www.youtube.com/@moni_millares
- TikTok: https://www.tiktok.com/@moni_millares
- Website: https://moni-millares.mystrikingly.com/
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In this Purpose Driven FinTech episode we cover:
(01:25) Discussion on Purposeful Fintechs
(04:52) Ara's Career Journey
(09:10) Role of Purpose in AmeriBank and Cognize
(12:10) Challenges in Implementing Digital Transformation
(23:56) Introduction to Cognize
(25:39) Challenges in Adopting AI Technologies
(29:46) Planning AI Strategy
(34:25) Impact of AI in Building Purpose-Driven Fintechs
SEARCH QUESTIONS
- What are the biggest challenges of AI adoption in banking?
- How to create an AI strategy for financial services?
- What is hybrid intelligence in AI?
- How to implement digital transformation in banks?
- What is the difference between FinTech and bank DNA?
- How to build trust in digital transformation?
- What is data governance for AI implementation?
- How to extract data from unstructured documents?
- What is the role of regulators in AI adoption?
- How to bridge FinTech and bank partnerships?
- What are AI skills gaps in financial services?
- How to decompose complex financial services?
- What is the future of human-AI collaboration?
- How to prioritize AI implementation projects?
- What is the ROI of AI experiments?
- How to work with regulators on AI projects?
- What is the role of culture in digital transformation?
- How to build successful startup-corporate partnerships?
- What is unstructured data extraction in banking?
- How to accept AI as the new normal?
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Production and marketing by Monica Millares. For inquiries about coaching, collabs, sponsoring the podcast or creating or editing your podcast email Monica at fintechwithmoni@gmail.com
Disclaimer: This episode does not constitute professional nor financial advice and does not represent the opinion nor views of my current, past or future employers. The guest has agreed to record and release our conversation for the use of this podcast and promotion in social media.