Earnix: The transformation of banking will come from technology
Speaking at Calcalist’s FinTech2021, Earnix CEO Udi Ziv shares how he thinks technology will influence legacy banking institutions
“There is no doubt in my mind that the disruption and the transformation of the financial industry, both insurance and banking, is going to come from technology,” Udi Ziv told CTech at Calcalist’s FinTech2021 conference. As CEO of Earnix, Ziv oversees a company that is helping “the legacy incumbent industry” catch up with modern needs and expectations.
“They’re going to have to change, fundamentally, or put a layer on top of their whole legacy infrastructure, a very modern and analytical-based AI, or machine learning, infrastructure that will enable them to act smarter in a way that understands their customers better, make decisions better, and faster.”
According to Ziv, “technology companies like Earnix will be driving this transformation, this disruption, in the industry that will make their customers smarter, faster, and safer, which is a must if you want to compete and remain relevant.”
You can watch the entire exchange in the video above.