Rinesh Patel

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Articles

Financial Services Trends and Predictions 2025

Jan 7, 2025 | cxotoday.com | Rinesh Patel

By Rinesh PatelAI is proving that it’s here to stay. While 2023 brought panic and wonder, and 2024 saw widespread experimentation, 2025 will be the year financial services enterprises get serious about AI applications. But it’s complicated: AI proofs of concept are graduating from the sandbox to production.
Financial Services AI Predictions 2025

Jan 6, 2025 | theexchangeasia.com | Rinesh Patel

By Rinesh Patel, Global Head of Financial Services, SnowflakeWall Street AI investments will face increased scrutinyIn 2025, financial institutions will face intense pressure to demonstrate tangible returns on their AI investments. The era of unchecked AI spending will come to a close, as boards and investors demand clear evidence of value. It will no longer be enough to say your organization is merely using AI to win the approval of company leadership.
DORA : Une nouvelle ère de résilience numérique pour le secteur financier

Aug 28, 2024 | economiematin.fr | Rinesh Patel

Établie au niveau de l’UE, cette nouvelle loi impose une norme élevée en matière de résilience opérationnelle et de cybersécurité qui aura des répercussions sur l’ensemble de l’écosystème financier mondial, y compris les prestataires de services tiers, et pourrait influencer les réglementations futures à l’échelle globale.
DORA: implicaciones y oportunidades para el sector financiero

Aug 6, 2024 | cronicaeconomica.com | Rinesh Patel

Aunque se trata de una normativa de la UE, DORA pondrá el listón muy alto en materia de resiliencia operativa y ciberseguridad, lo que tendrá un efecto dominó en todo el ecosistema financiero mundial, incluidos los proveedores tecnológicos, y podría influir en futuras regulaciones en todo el mundo.
Consumer Duty’s first anniversary - reflections and the road ahead

Jul 31, 2024 | finextra.com | Rinesh Patel |Anna Antimiichuk |Andrew Stevens

A year ago, the Financial Conduct Authority (FCA) introduced the Consumer Duty standards, a set of rules which aimed to improve and increase consumer protection for the financial sector. These required banks and other financial services firms to prioritise their customers and offer them products and services with transparency and fairness. Failure to do so could result in hefty fines but also reputational damage.
Is your financial services organisation ready to leverage generative AI?

Jun 20, 2024 | informaconnect.com | Rinesh Patel

As an industry built on data, financial services has always been an early adopter of AI technologies. In a recent industry survey, 46% of respondents said AI has improved customer experience, 35% said it has created operational efficiencies, and 20% said it has reduced total cost of ownership. Now, generative AI (gen AI) has supercharged its importance and organisations have begun heavily investing in this technology.
EU’s DORA Aims To Strengthen Operational Resilience in Financial Services

Apr 29, 2024 | snowflake.com | Rinesh Patel |Jatin Bansal

As the cybersecurity threat landscape continues to evolve globally, organizations operating in the financial sector are seeing regulations shift to address the associated risks, and none may prove more impactful than the European Union’s (EU) Digital Operational Resilience Act (DORA). This regulation aims to strengthen the operational resilience of financial entities (FEs), and their third-party information and communication technology (ICT) providers.
Are Financial Services Organizations Ready for Generative AI?

Jan 8, 2024 | snowflake.com | Rinesh Patel

As an industry built on data, financial services has always been an early adopter of AI technologies. In a recent industry survey, 46% of respondents said AI has improved customer experience, 35% said it has created operational efficiencies, and 20% said it has reduced total cost of ownership. Now, generative AI (gen AI) has supercharged its importance and organizations have begun heavily investing in this technology.