Altimetrik highlights how artificial intelligence (AI) is transforming financial operations during times of unprecedented challenges, including slowing global GDP growth and rising market volatility. At a recent industry event, Vikas Krishan, a senior leader at Altimetrik, emphasised the importance of real-time data processing to manage consumer debt, which has reached £14.2 trillion ($17.7 trillion).
As global GDP growth slows to an anticipated 1.5% and the world witnesses the highest number of conflicts since World War II, financial institutions are navigating unprecedented challenges. Altimetrik, a leading digital business enablement company with experience working alongside global giants such as PayPal, Visa, and JPMorgan Chase, is championing the role of artificial intelligence (AI) in addressing these challenges.
At an industry event hosted by Altimetrik, the focus was on how AI can revolutionise market operations, particularly for financial institutions grappling with market volatility.
Vikas Krishan, a senior leader at Altimetrik, addressed the pressing need for banks to embrace AI-driven strategies to remain resilient and competitive in today’s volatile environment.
Real-time data processing: The key to staying ahead
As consumer debt climbs to an unprecedented £14.2 trillion ($17.7 trillion), the ability to process vast amounts of real-time data has become essential for financial institutions. AI-powered systems can help banks process this data with remarkable speed and accuracy, enabling them to predict and respond to market shifts effectively.
“Banks must utilise AI to its fullest potential,” said Vikas. “The more accurate data an AI system has, the better it can help institutions adapt to the changing financial landscape.”
Breaking down data silos for market efficiency
Recent findings suggest that AI-driven trading has the potential to significantly enhance market efficiency. However, this is achievable only if organisations eliminate data silos and adopt unified systems. A lack of cohesion in data management often hampers banks’ ability to perform comprehensive market analysis.
“Organisations need to create a unified data strategy,” Vikas emphasised. “This will unlock the true potential of AI in improving market efficiency and driving smarter trading decisions.”
Comprehensive risk management through AI
One of the most critical applications of AI is in risk management. With the economic impact of global conflicts reaching £15.3 trillion, adopting AI incrementally as part of a unified strategy has never been more important. According to recent patent filings, AI content in algorithmic trading has surged from 19% in 2020 to over 50%, highlighting the increasing reliance on advanced technologies in financial markets.
“Risk management isn’t just about tools; it’s about having the right framework,” Vikas stated. “C-suite leaders must invest in robust data governance, upskilled talent, and a clear AI implementation roadmap.”
Positioning for leadership amidst global challenges
The event concluded with a resounding call for financial institutions to prioritise AI adoption. Those who take proactive measures are poised to emerge as leaders in managing risk and navigating market volatility. Altimetrik’s event served as a platform for industry leaders to exchange insights on building resilient, AI-driven financial ecosystems.
About Altimetrik
Altimetrik is a global digital business enablement company that partners with leading organisations to deliver business outcomes through cutting-edge technology. With expertise in AI, data analytics, and agile development, Altimetrik empowers businesses to accelerate digital transformation and innovation.
Himani Verma is a seasoned content writer and SEO expert, with experience in digital media. She has held various senior writing positions at enterprises like CloudTDMS (Synthetic Data Factory), Barrownz Group, and ATZA. Himani has also been Editorial Writer at Hindustan Time, a leading Indian English language news platform. She excels in content creation, proofreading, and editing, ensuring that every piece is polished and impactful. Her expertise in crafting SEO-friendly content for multiple verticals of businesses, including technology, healthcare, finance, sports, innovation, and more.
