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Chakravarthi Vedantam
Delivery Partner, TCS BFSI Platforms
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With growing user expectations for innovative products and simplified policy processing, insurance companies are looking for a digitalized, integrated, modularized, automated, and governed platform. However, legacy insurance policy administration systems create a monolithic system and prevent companies from achieving complete platformification to tackle business challenges.
A properly planned platformification journey should focus on the following aspects:
Adopting Generative AI in Commercial Lending
A Financial Hardship Framework for Personalized Customer Engagement
Leveraging Generative AI for Trade Finance Fraud Risk Management
Integrating Generative AI into Risk Management and Compliance