Finastra Highlights AI’s Role in Banking Transformation

Finastra, a leading global provider of financial services software applications, recently hosted its Corporate Banking Forum in Dubai, focusing on the transformative impact of technologies such as artificial intelligence (AI) and end-to-end digitisation on the global corporate banking landscape. The event brought together prominent voices from the banking, technology, and fintech sectors to explore actionable strategies for navigating challenges and capitalising on opportunities in an evolving market.
The forum featured an impressive line-up of speakers, including senior leaders from Finastra’s Lending business unit—Manish Joshi, Arvind Vairavan, Carlos Teixeira, and Manikandan Ganesan—alongside representatives from esteemed organisations such as Dubai Future Foundation, CredAble, and Microsoft.
Key discussions and insights from the event included:
AI to Revolutionise Corporate Banking by 2030
Artificial intelligence is poised to reshape the corporate banking industry by 2030, enabling autonomous agents to manage transactions, deliver real-time financial advice, and enhance customer experiences. Generative AI (Gen AI) offers hyper-personalisation by providing predictive recommendations and tailored insights derived from customer data. Industry projections suggest AI could contribute US$1.5 trillion to the global economy by 2030, driving growth and innovation across the financial sector.
Unlocking Supply Chain Finance Opportunities in the GCC
The GCC region’s supply chain finance (SCF) market remains largely untapped, presenting significant opportunities for banks to foster efficiency and financial inclusion. Leveraging digital platforms and AI-powered tools, banks can streamline SCF processes, support SME growth, and optimise working capital management to unlock the region’s economic potential.
Revolutionising Lending Through Digital Ecosystems
End-to-end digitisation is transforming lending processes, enabling faster loan approvals, improved user experiences, and seamless regulatory compliance. Finastra’s Loan IQ platform, for instance, reduces transaction steps by up to 50% while integrating enhanced covenant monitoring and ESG metrics to align with sustainability-linked financing objectives. Open Finance principles are also driving innovation by fostering collaboration between financial institutions, fintechs, and technology providers.
Emerging Technologies Driving Innovation
Technologies such as blockchain, machine learning, and optical character recognition (OCR) are redefining operational efficiency and innovation in corporate banking. These tools empower financial institutions to develop tailored financial products, enhance treasury management, and improve risk management practices.
Sustainability and ESG as Imperatives
With the MEA region experiencing a surge in ESG-driven investments, the forum underscored the importance of sustainability-linked financing and robust ESG metrics. AI is playing a critical role in helping financial institutions monitor, report, and deliver on their sustainability commitments, addressing concerns around greenwashing and driving responsible growth.
The Corporate Banking Forum reflected Finastra’s commitment to enabling a more innovative and sustainable future for the banking industry. Through advanced technologies and collaborative ecosystems, the company continues to empower financial institutions to navigate the complexities of a rapidly evolving market.