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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:
Leveraging Generative AI for Proactive Risk Management in BFSI
Leveraging AI for Effective Economic Crime Risk Management
The Impact of Generative AI on Non-financial Risks in FIs
The MRM Platform Dilemma: Tailored Build or Proven Buy?