The artificial intelligence phase is beginning in the financial sector, said Inigo Cavestany, Head of Data and Artificial Intelligence Solutions Development at IBM, during the “InMerge” Innovation Summit held in Baku, APA-Economics reports.
According to him, banks have a rich legacy of data and applications formed over many years, and it is not right to abandon them.
Cavestany stated that by combining IBM’s technological expertise with the financial sector’s domain knowledge, it is possible to solve real problems.
The company official noted that automating many processes through artificial intelligence brings both benefits and risks, and therefore requires a cautious approach. According to him, the main issue in the future will not be just digital services, but the transition to smart and intelligent solutions.