How Hexaware’s AI-first Approach is Transforming Banking

Modern banking has never been more at risk, with malicious actors operating globally to create new scams and methods to con someone out of their money.

With these increasingly sophisticated cybersecurity threats, alongside heightened regulatory compliance requirements, banks need support in order to keep people's money safe and stay within the guidelines.

This is where Hexaware Technologies comes in, positioning itself as a trusted partner for core banking transformations. The company's AI-first approach and focus on mid-market clients offer a compelling alternative to traditional large-scale providers.

The threat landscape facing banks has evolved dramatically, particularly with the integration of artificial intelligence into cyberattacks. Ravishankar Subramanian, Executive Vice President & Global Head of Banking Solutions, says: "With the advent of AI, these attacks have become very smart. People are using the power of AI to actually hack into banks' networks, impersonate people and also impersonate transactions."

To combat these sophisticated threats, Hexaware has developed its Trust Framework, which goes beyond traditional security measures by monitoring behavioural patterns. The system creates personalised baselines for users, flagging unusual activity that might indicate compromise.

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