Within the framework of the Felaban Clab25 event in Buenos Aires, Pablo Velán, Head of Solutions Engineering at N5 Now, shares how technological innovation is transforming the financial sector and creating new opportunities to evolve business models. Traditional banking, which for years faced significant challenges to modernize, now finds itself at a turning point where technological modularity, data integration, and artificial intelligence take center stage.
Pablo shares how the landscape has changed in recent years:
Business model transformation: Innovation is no longer a luxury — it has become the foundation for strategic evolution.
Challenges of traditional banking: Modernizing technology in financial institutions is like “changing an airplane’s wings mid-flight.” Even so, there is increasing openness to new models.
Legacy systems and modularity: The key lies in integrating new solutions without breaking what already works. N5 focuses on modular architectures and non-intrusive integrations that break down information silos.
Data as the engine of innovation: Any technology project today is, at its core, a data project. Integrating and analyzing information enables the creation of new digital channels and processes.
AI and financial inclusion: Artificial intelligence makes it possible to expand personalized services to more segments of the population, reducing costs and driving more effective financial inclusion.
“Technological innovation is no longer optional — it’s the path to evolving the business and connecting more deeply with customers.”
