Part of a family with a background in Venezuelan banking going back more than a century, Julio M. Herrera Velutini is a respected presence in international finance. He leads a Puerto Rico-based financial institution that has Florida offices and is compliant with U.S. regulatory mandates. Offering a remote-access platform that provides clients with worldwide banking options, Julio M. Herrera Velutini stays informed on the evolution of digital banking.
A recent Entrepreneur article brought focus to the emergence of trends such as artificial intelligence, with an Accenture survey indicating that nearly four-fifths of bankers believe that in the next two years AI will stand side-by-side human workers as a trusted advisor, collaborator, and coworker. At the same time, AI and machine learning will power increasingly agile bots that provide an array of real-time services to clients via their devices.
Another trend is the growth of extended reality, whereby the real world is overlaid with digital enhancements in ways that make customer experiences more intuitive and efficient. A core innovation driving this is blockchain strategies of breaking down massive applications into extremely small, flexibly coupled components. These smaller applications cut down on computing data and server requirements, while helping authenticate data in ways that safeguard transactions and personal banking information.