Rahul is a seasoned global financial services executive withs 21+ years of leadership experience with international organisations like The World Bank and Swift, global banks, fintechs, consulting firms and industry think-tanks in payments and responsible AI. He has led many multi-market initiatives involving extensive public-private coordination including cross-border instant payments at Swift. He is a recognised payments expert, speaker and thought leader at regulatory and industry forums like Sibos, GPS, WB-GPW, CBPC, Money 2020, GFF, Stablecoin Summit and SFF

Avivate is a Management Consulting firm based in Singapore supporting international agencies, central banks, banks and paytechs with responding to emerging payments, banking transformation and emerging technology like AI. This is via multiple services including knowledge sharing, training, strategic advisory, capability roadmap development, go to market strategy and execution, and more.

Data and AI: Transforming the Future of Payments?

Payments ecosystems are innovating at scale, moving towards a more instant and frictionless future - there is fragmentation with many forms of money and settlement mechanisms, yet a retained focus on harmonisation and interoperability, driving adoption of global standards like ISO 20022 in the world of payments. This is leading to more structured, richer data sets dupporting scalable innovation and more robust compliance controls. How does this richer data match up to developments in AI. Gen AI is maturing as per Gartner Hype Cycle but Composite AI represents the next phase in AI evolution. Pragmatic use cases for AI in payments are solving fundamental problems like real-time fraud/AML monitoring and there is an exciting future ahead, but we must proceed responsibly!