Finastra: Why AI Is Accelerating Bank Modernisation

AI and modernisation are no longer separate priorities for banks – they’re converging to drive real impact in certain areas.

In a recent conversation, Radha Suvarna, Chief Product Officer for Payments at Finastra, shared that 96% of institutions are already using or planning to use AI.

Access the full report here: https://www.finastra.com/financial-services-state-nation-survey-2026

While modernisation has been a consistent focus in recent years, what’s different now is how AI is accelerating it. From faster development and testing to enabling more personalised, data-driven customer experiences, AI is becoming a key enabler of transformation.

At the same time, modern cloud-native, API-enabled platforms are giving banks the flexibility to experiment, iterate, and scale new AI-driven use cases.