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The sixth CaféTif meeting was entitled “Artificial Intelligence Readiness Framework in the Banking Industry” and counted among their participants Mr. Davoud Mohammad Beigi, Middle East Bank, and Mr. Faramarz Fayazfar, Smart Land Solutions. The session was focused on the role of digital transformation in identifying and solving organizational challenges within the banking sector.
Fayazfar began by contrasting the traditional third-generation banking system, which is basically for one-way communication between customers and banks, with the fifth generation, which is defined by its digital transformation. This new model focuses on the integration of artificial intelligence and two-way communication for more personalized, tailor-made banking experiences than the one-size-fits-all approach characteristic of traditional banking. These experts presented their views and experiences about these transformational changes to make the banking industry more responsive and adaptable.
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