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Finovate Spring Keynote: How AI is powering the next wave of banking and FinTech innovation

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Javier Perez Garcia, Global Director at VASS Financial Services, outlines a hard truth about AI—85% of AI projects in financial services never reach production. The difference between those that fail and the 15% that succeed isn’t the technology, it’s the execution. The institutions seeing value from AI are moving with urgency, focusing less on experimentation and more on real-world impact.

Key points

  • Execution is the differentiator.
  • AI is already delivering measurable impact.
  • AI drives value across compliance, growth, and efficiency.
  • Technology alone isn’t enough, success needs deep tech capabilities, expertise in finance, and experienced delivery teams.

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