Deconstructing AI and Digital Transformation in Financial Services | Ara Abrahamyan, Board Advisor at Cognaize & Ameriabank

Purpose Driven FinTech

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.

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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/

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

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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 [e-mail]

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.