Fintech
FlowX.AI: Empowering Banks to Build Modern Apps and Platforms
For the past 20 years, Ioan Iacob has been building companies that develop enterprise software. In 2020, when he founded FlowX.AI, he hit the jackpot.
FlowX brings AI to banking modernization to enable what seemed utterly impossible just a few years ago: integrating thousands of disconnected systems into a single source of truth and enabling unprecedented agility in developing simplified omnichannel experiences.
Banks can dramatically accelerate the modernization of business applications and processes without changing existing infrastructure, giving businesses the agility and speed they need, and can then use FlowX.AI to consolidate underlying systems and infrastructure incredibly quickly.
FlowX.AI: Why Support Banking?
FlowX.AI can modernize companies in many industries – so why banking?
“The banking sector plays a critical role in deploying capital, driving growth and innovation in the economy, technology and society. As a modern technology company, we want to help fuel further innovation in the economy.
“Just as importantly, we understand the techies in the banks. They are the unsung heroes who cobble together civilization with whatever technology they’ve been given, yet they get blamed for the end-user experience.”
Ioan adds: “Banks are under enormous pressure. They have to manage regulatory changes and market requirements, partly driven by generational change, with trillions of dollars being transferred between generations and increased competition.”
Banks have historically been trapped between inflexible point solutions and massive custom development projects that often fail. FlowX.AI unlocks agile solutions in weeks instead of years, resulting in massive operational savings.
NBC: Recognizing the high value of FlowX.AI
One FI benefiting from a partnership with FlowX.AI is the National Bank of Canada (NBC). The bank is considering leveraging FlowX’s strategic multi-agent and AI Core approach to accelerate the modernization of hundreds of applications.
“We provide the first specialized AI, specifically created to modernize large banks like NBC, based on a solid and innovative architecture,” concludes Ioan.
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