5 Reasons MFEC Ventures into the AI Market This Year
AI is one of the investments that the company is focusing this year. Here are 5 reasons why MFEC decided to enter the AI market.
AI is one of the investments that the company is focusing this year. Here are 5 reasons why MFEC decided to enter the AI market.
Companies that harness the power of AI will improve their work processes and clearly increase their productivity to meet more customer needs.
MFEC has announced a collaboration with Finastra, a leading provider of financial software applications and marketplaces, to offer Finastra’s leading core banking solution, Fusion Essence, in the Thai market. MFEC will also leverage Essence’s open architecture, which enables easy integration of software solutions from an ecosystem of providers via open APIs, to offer digital banking and digital lending solutions specifically tailor for the needs of the Thai market. Finastra is a major financial software provider with over 9,000 customers in 130 countries worldwide. Fusion Essence is a core banking system with fully digital end-to-end capabilities for all key banking services. With a rich catalogue of open APIs and integration with Finastra’s app marketplace and developer platform, FusionFabric.cloud, it is possible to integrate tools from hundreds of developers. The comprehensive SaaS offering removes the burden from IT teams by including upgrades, security, 24×7 infrastructure monitoring, incident management and disaster recovery services.
Mr. Wason Liwlompaisan, Chief technology Officer at MFEC, shared his insights on technology trends in 2023 at National Coding Day 2023. In the past few years, there have been significant changes in tech industry such as Chatbot AI that can understand human languages and convert them into computer readable data, frontend and backend developments that are the future of software development, accessibility, and many more. 1. Chatbot Chatbot is a currently a trending technology. Developers now use AI chatbot or language model for more than answering simple questions; they use AI for business management, writing emails, proofreading, and software development. Many developers use AI to help with coding. For example, ChatGPT-3 is used to create commit messages. GPT-3 generates commit messages according to input Div from developers. Commit messages like “fix bug” or “new feature” will no longer be used in order to create a more effective commit message. Large
During the COVID-19 crisis, business industry was in an urgent need of digital transformation. The traditional work process, which included paper documents and in-person authentication, became almost impossible. Although COVID-19 situations have gotten better enough for in-person process to take place as before, digital business operations continue to grow. The biggest challenge of business industry is developing applications that respond to these changes in work process, which is still a difficult task. Many business processes require manual reviews, physical document transfers, and regulation inspection that is highly complicated and has a high risk of errors. Software development to tackle this issue has been insufficient due to a shortage of developers in recent years. This problem constantly occurs worldwide, and one of the solutions is low-code platforms that reduce software development time. Nowadays, businesses share similar work process such as business process management, data management on database to gain business insights,