FinovateSpring keynoter Javier Perez on taking AI out of the experimental and scaling it up for maximum impact.
Detailed Summary:
In this episode of the Finovate Podcast, Javier Perez, Global Director at VASS Financial Services, shares key insights from his recent keynote at FinovateSpring. He emphasizes that although AI holds immense potential for banks and fintechs, 85% of AI projects in the sector fail to reach production due to poor execution and misaligned teams. To overcome this, organizations must stop treating AI as a mere experiment and instead focus on execution, aligning business, tech, and compliance teams. Javier highlights the importance of beginning with high-impact use cases and ensuring the right mix of technical knowledge, financial expertise, and AI deployment experience. He also stresses the need for companies to build AI-ready data infrastructure, empower business teams to be AI-fluent, and approach AI as a cross-functional business transformation tool to ensure long-term success.
Javier goes on to emphasize the importance of moving beyond AI experimentation toward execution in financial institutions. He outlines three core requirements for success: establishing an AI-ready data infrastructure, empowering business teams to become AI-fluent, and prioritizing a few high-impact use cases. Perez explains how VASS supports clients through its AI Academy and bootcamps, guiding executive teams through strategy, platform development, and implementation with experienced, end-to-end support. He stresses that AI should be treated as a business transformation lever rather than a siloed innovation initiative, urging firms to align cross-functional teams and begin practical application, even if their architecture isn’t perfect. By doing so, institutions can ensure measurable results over the next 12 to 24 months.
More info:
VASS: https://intelygenz.com/; https://www.linkedin.com/company/vass/
Javier Perez: https://www.linkedin.com/in/fcojavierperezgarcia/
Greg Palmer: https://www.linkedin.com/in/gregbpalmer/
Finovate: https://www.finovate.com ; https://www.linkedin.com/company/finovate-conference-series/
FinovateSpring: https://informaconnect.com/finovatespring/
#fintech #AI #innovation #financialservices #finovate #finovatespring
