IBA’s 20th Annual Technology Conference To Spotlight The Future Fintech Unicorn WEGOFIN

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Even as games like Astro Bot, Helldivers 2, and Balatro found success, studios like Microsoft and Sony have slashed staff and canceled games. Amid a mix of cultural and economic factors impacting the industry, developers are also still dealing with company enthusiasm for technology that some find ethically concerning. The Indian Banks’ Association (IBA) is preparing for its 20th Annual Banking Technology Conference, showcasing the rapid evolution of India’s financial sector. Scheduled for January 24, 2025, in Mumbai, the conference will navigate the theme ‘Future-Ready Banking for Viksit Bharat’, representing a digitally empowered, self-reliant India.

• To further shed light on the transformative potential of Generative AI within the financial sector, Wegofin’s CEO, Mr. Prabhu Kumar, will also be participating in an enthralling panel discussion with other industry visionaries.
• Eleven percent of employees in the games industry will lose their jobs by 2024, a survey predicts.
• While the Steam Deck wasn’t specifically listed as an option for developers to list as a platform they’re developing games for, of the respondents who chose the ‘Other’ option, 44% of them listed the Steam Deck as a platform they’re interested in.
• 41% have reported feeling the impact of these layoffs, with 29% observing their direct colleagues being let go and 18% witnessing developers on other teams being let go.

Mr. Prabhu Kumar, CEO of Wegofin, will share the stage during a panel discussion with other industry visionaries, and the topic will be how generative AI is transforming the financial sector. His insights will be exciting and highly valuable for an audience wishing to tap into the future with AI. Wegofin is at the forefront of transforming the digital banking and merchant acquisition landscape through the unparalleled power of Generative AI. By leveraging years of real-world data and business acumen, it has consistently demonstrated its ability to deliver cutting-edge solutions backed by groundbreaking AI products that address the evolving needs of banks, merchants, and customers alike. The company’s focus on AI-ML technologies has positioned it as a key player in the journey towards financial inclusion and economic growth. Every feature launched by Wegofin is built on advanced architecture and is designed to deliver unparalleled performance, reliability, and trust.

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The gathering is set to attract over 350 brightest minds, from a diverse mix of bankers, , and regulatory officials, fostering an intellectual dialogue on the role of fintech enablers technology in driving India’s financial future. By bringing together these thought leaders and innovators, IBA continues to catalyze the adoption of next-generation solutions, setting benchmarks for the industry. The conference exemplifies this spirit, offering a platform where emerging players can make their mark and established entities can explore new frontiers. The event will gather over 350 leaders from banking and regulatory fields to discuss fintech’s role in shaping India’s financial future. This conference is a platform for innovation, where industry pioneers engage in intellectual dialogue, enabling the adoption of next-generation solutions. One in every three AAA developers surveyed (33%) noted that they are working on a live-service title.

During the panel discussion, Mr. Kumar is expected to elaborate on how generative AI is unlocking new possibilities for financial institutions, from enhancing fraud detection mechanisms to personalizing customer engagement. The conference agenda boasts of four enlightening sessions that will deliberate on the Core Banking System, Fintech Partnerships, Open Banking, and Digital Lending. It aims to discuss the opportunities and challenges facing banks in their adaptation to a rapidly changing digital world. Attendees will be treated to an avalanche of knowledge from experts on ways to integrate cutting-edge technologies while building meaningful partnerships between banks and fintech firms.

One-Third of AAA Devs Are Working On Live Service Games

In terms of console development, Sony’s PlayStation family continues to lead over Xbox, with 38% developing content for the PlayStation 5 and 34% working on games for the Xbox Series X|S. On the flipside, 13% of developers are creating games with the aim to release them on Xbox Game Pass whereas 9% are doing the same for PlayStation Plus. Mobile game development has also increased 5% over last year – with 29% of respondents developing games for Android and 28% developing for iOS. Last year, 66% of developers reported that they were working on games for PC and this year that number has climbed up to 80%. While the reason for this is unclear, it could be at least partially attributed to the rising popularity for Valve’s Steam Deck. While the Steam Deck wasn’t specifically listed as an option for developers to list as a platform they’re developing games for, of the respondents who chose the ‘Other’ option, 44% of them listed the Steam Deck as a platform they’re interested in.

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One of the biggest highlights of this prestigious event is the participation of Wegofin, a leading fintech innovator, as a key sponsor, which is a testament to its commitment to advancing the fintech landscape. Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space. But what makes Nvidia stand apart aside from their fast GPUs in healthcare is the massive ecosystem they have built across the spectrum of sciences and practices, and of course AI is now the cornerstone upon which this community is built.

The gathering is set to attract over 350 brightest minds, from a diverse mix of bankers, and regulatory officials, fostering an intellectual dialogue on the role of fintech enablers technology in driving India’s financial future. Wegofin is a pioneering fintech innovator specializing in AI-driven digital banking solutions and merchant acquisition. With a commitment to operational excellence and long-term growth, Wegofin empowers financial institutions to adapt to the evolving demands of the market. As India progresses towards its ambitious “Viksit Bharat” agenda, Wegofin remains dedicated to empowering banks and merchants with future-ready models that enhance efficiency, streamline operations, and unlock new avenues for growth. By championing Generative AI, Wegofin is not only innovating within the banking sector but also reshaping its future trajectory. The Indian Banks’ Association (IBA) is set to host its highly anticipated 20th Annual Banking Technology Conference, a milestone event that celebrates the innovation and modernization driving India’s financial sector.

Illumina and NVIDIA are expanding the genomics market by providing analysis and insight platforms on NVIDIA accelerated computing and integrating state-of- the-art generative AI to unlock new biological understanding. If you are like me, when you see your doctor, the constant probing for data can be somewhat annoying. First, you fill out forms with endless questions about your medical and familial history. All this data will someday be used to provide personalized medicine to cure disease better and improve our lives.

IBA’s 20th annual technology conference to spotlight the future fintech unicorn – WEGOFIN

Mr Kumar is expected at the conference to provide insights that will go beyond theoretical facts into reality-based application models that financial institutions can adopt to stay competitive in a dynamic market. Those aspects related to smarter decision-making capability enhancement and improved security frameworks will strike a strong chord with an audience eager to future-proof their operations. A convergence of over 350 top minds from the banking, regulatory, and fintech sectors, this landmark gathering aims to foster collaboration and explore cutting-edge technologies that are reshaping the financial ecosystem. As India positions itself for a Viksit Bharat, the conference serves as a launchpad for next-generation solutions and a platform for knowledge exchange that drives the industry forward.

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Respondents within Business and Finance Roles in companies were most likely to use Artificial intelligence tools (51%), followed by Production and Team Leadership (41%) and Community, Marketing and PR (39%). When the usage of AI was corroborated with the survey respondent’s age, it turns out that older developers are more likely to use generative AI than younger ones. 47% percent of developers over the age of 55 listed that they do use these tools whereas only 28% of developers between incorporate them into their work. Among the most important points of the event, one is Wegofin, which is a pioneer in the use of AI in banking services.

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Based on just the data, financially, things seem to be going okay in the gaming industry. When asked about the challenges in providing or securing funding nowadays, the response from developers was overwhelmingly negative, frustrated or exhausted. The most cited issues were time, market instability, lack of industry experience or connections, discrimination, creative conflicts and too much competition. Some 30 percent of the developers who responded to the survey said they felt negatively about AI, opposed to 18 percent last year; only 13 percent believed AI was having a positive impact on games, down from 21 percent in 2024. “No matter how you put it, generative AI isn’t a great replacement for real people and quality is going to be damaged,” another developer wrote in their response. The 2025 GDC report comes on the heels of a tumultuous couple of years in the industry.

• At the heart of Wegofin’s innovation lies its AI-Risk Engine, a cutting-edge technology that ensures unmatched security, low dispute ratios, and enhanced reliability for financial institutions and merchants alike.
• Attendees will be treated to an avalanche of knowledge from experts on ways to integrate cutting-edge technologies while building meaningful partnerships between banks and fintech firms.
• Some 30 percent of the developers who responded to the survey said they felt negatively about AI, opposed to 18 percent last year; only 13 percent believed AI was having a positive impact on games, down from 21 percent in 2024.
• “No matter how you put it, generative AI isn’t a great replacement for real people and quality is going to be damaged,” another developer wrote in their response.
• Adding to the conference’s dynamic agenda, Wegofin’s visionary CEO, Mr. Prabhu Kumar, will join a high-impact panel discussion with industry stalwarts.

Thirteen percent of respondents reported putting in 51-plus-hour weeks, up from 8 percent of respondents last year. While those additional hours could be attributed to devs taking on additional work to make up for colleagues lost during 2024’s massive industry-wide layoffs, many voiced concerns that AI was also a factor. “We should use generative AI to help people be faster at their jobs, not lose them,” one worker wrote.

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The video game industry has been in a troubled place for the past year, with studio closures and job security at the forefront of developer concerns. Increasing layoffs with seemingly no end paint a bleak picture for devs, while companies are busy pumping money into AI initiatives. JP Morgan’s annual Healthcare Conference is almost becoming an AI event as doctors and AI scientists collaborate to turn petabytes of clinical data into generative AI models and actionable insights. The progress made since Chat GPT’s arrival demonstrates that we are on the precipice of a revolution that will produce cures for many common diseases and save countless lives. At the heart of Wegofin’s innovation lies its AI-Risk Engine, a cutting-edge technology that ensures unmatched security, low dispute ratios, and enhanced reliability for financial institutions and merchants alike.

The excitement, however, doesn’t just come from all the innovation hype, as Wegofin adds its taste of adventure, being a connoisseur of AI and the general coining of terms with action in change. The very theme for this conference, “The Future of Digital and Analytics in Banking,” gives one a preview of a day to come of radically transformative insights and game-changing revelations. The conference plans to bring members across the complete banking and financial ecosystem, including the largest banks of India, technology facilitators, and the policymakers’ fraternity. The meeting will give a rare opportunity to the attending fraternity to network with fellow members of the industry, absorb the knowledge from the ivory-towers group of expert practitioners, and experience an outlook on trendy topics.

“I’ve been laid off before, but this was by far the longest it’s taken me to find work. Adding to the conference’s dynamic agenda, Wegofin’s visionary CEO, Mr. Prabhu Kumar, will join a high-impact panel discussion with industry stalwarts. The session will explore the transformative role of Generative AI in areas such as payments technology, decision-making, and user experience enhancement.

Held at the prestigious Trident Nariman Point Mumbai, on January 24, this year’s conference centers around the theme “Future-Ready Banking for Viksit Bharat”, aligning with the nation’s vision of a self-reliant and digitally empowered economy. A cornerstone of Wegofin’s solutions is its industry-leading AI-Risk Engine, ensuring the lowest dispute ratios and offering unmatched security for merchants and banks. Interestingly, web browser games are also climbing in popularity, as 16% of developers noted that they’re working on releases for web browsers (compared to 10% last year and 11% the year before). This marks the most interest game studios have in browser games across the past decade.

More than half (56%) of survey respondents reported that they have put their own money into funding the creation of their game. That’s nearly double the next most option of project-based or publishing deals, which 28% noted was where their funding had come from. Those who reported that they had utilized self-funding appear to be a good option, as 89% of respondents listed it as being at least somewhat successful for them. Of those who have already lost their jobs, many reported difficulty in finding new employment. Some said they were still out of work more than a year later, with one reporting they’d sent 500 applications to no avail.

41% have reported feeling the impact of these layoffs, with 29% observing their direct colleagues being let go and 18% witnessing developers on other teams being let go. When asked about what reason developers were given for these layoffs, 22% were told it was due to restructuring, 18% cited declining revenues and 15% were due to market or industry shifts. The Indian Banks’ Association or IBA 20th Annual Banking Technology promises to be a marvelous event in the world of banking innovations. On January 24, 2025 conference is scheduled in one of the finest Trident hotels in Mumbai, India.

This future-looking theme resonates with the industry’s transformation in highlighting the critical importance of using digital analytics to sustain success in the future. A great place to be and should be again, the Trident Hotel in Mumbai is set to host attendees from all across the world to talk innovatively and hustle up partnerships with a brief stop here to celebrate last-ditch efforts in banking technology. But it gets better when all this innovation is combined because Wegofin adds more spice to the adventure. The coolest AI expert on the scene was drawn to the general actioned coining of terms in change. With the very topic for the conference, “The Future of Digital and Analytics in Banking,” one can imagine a day of radically transformative insights and game-changing revelations.

Across the entire survey base, 16% are currently working on a live-service game, and while 13% noted they are interested in developing live service games, 41% expressed that they were not interested at all. On the positive side, developers recognized the financial and community-building benefits of the strategy whereas those who expressed concern with declining player interest, creative stagnation, predatory practices, microtransactions and the risk of burnout. One of the biggest concerns surrounding live-service gaming was market oversaturation, with many developers noting how hard it is to build a sustainable player base.

These topics range from fintech collaborations to digital financial inclusion and would seek to cover everything in between concerning the challenges and opportunities related to digital transformation. Wegofin’s presence at the conference will further cement its status as a leader in AI-driven banking solutions. A company renowned for its commitment to revolutionizing customer experience and at the forefront of using generative AI in its operations, thus transforming banking to be smarter, faster, and quite intuitive.