FlowX . AI : Empowering Banks to Build Modern Apps & Platforms
Co-founder and CEO Ioan Iacob reveals how FlowX . AI ’ s modernisation & integration platform helps banks consolidate systems and build robust digital products
For the past 20 years , Ioan Iacob has been creating companies that build enterprise software . In 2020 , when he established FlowX . AI , he struck gold .
FlowX brings AI to banking modernisation to enable what seemed utterly impossible only a few years ago : integrating thousands of disjointed systems into a single source of truth , and enabling unprecedented agility in developing streamlined omnichannel experiences .
Banks can massively accelerate modernising applications and business processes without changing their existing infrastructure , giving business a much-needed agility and speed - and then can use FlowX . AI to consolidate underlying systems and infrastructure incredibly fast .
FlowX . AI : Why support the banking industry ?
FlowX . AI can modernise enterprises across many industries , so why banking ?
“ Banking plays a vital role in deploying capital , stimulating growth and innovation in the economy , technology , and society . As a modern technology company ourselves , we want to help fuel further innovation in the economy . Equally important , we understand
the tech people in banks . They are the unsung heroes pulling together civilization with whatever technology they have been handed , yet getting blamed for the end-user experience .”
Ioan adds : “ Banks are under enormous pressure . They deal with regulatory changes and market requirements - partially driven by generational change , with trillions of dollars transferred across generations , and increased competition .”
Banks have been historically captive between inflexible point solutions and massive custom development projects that often fail . FlowX . AI unlocks agile solutions in weeks instead of years , with massive operational savings .
NBC : Recognising the high value of FlowX . AI
One FI seeing benefits from partnering with FlowX . AI is the National Bank of Canada ( NBC ). The bank is looking at leveraging FlowX ’ s AI Core and multi-agent strategy approach for accelerating the modernisation of hundreds of applications .
“ We deliver the first-ever specialised AI built specifically for modernising large banks such as NBC , relying on a robust , novel architecture ,” Ioan concludes .