Bank smarter, build faster – with AI and low-code

AI and low-code platforms are reshaping banking–making it faster, smarter, and more secure. From fraud detection to chatbot creation, this powerful combo is unlocking agile innovation while cutting costs and putting non-tech teams in the driver's seat

- Lalit Mehta

Artificial Intelligence (AI) innovations are increasingly becoming a matter of industry import, touching upon various sectors across the globe. This power transformation is quintessential in financial services, where low-code/no-code platforms blooming with AI provide for more innovation, efficient operations, and improved customer experience. Essentially, low-code/no-code platforms design, deploy, and manage applications with little hand-coding, or the so-called democratization of development. On top of this, they can kick the old-school application development into overdrive. AI systems then go to work on the big data, churning out real-time insights to aid decision-making. Correspondingly, putting AI-led analytics in place would hasten customization of service to customer requirements and develop engagement. Theft and other fraudulent activities aside, mundane processes-free setup by AI cut down human errors and smooth internal processes.

Market growth and potential