Nirav Patel / LinkedIn

Andaria Financial Serivces CEO Nirav Patel has emphasised a determination to further his knowledge of artificial intelligence (AI) and emerging technologies in 2024, assessing potential ways of applying them to the fintech industry.

AI and emerging technologies have developed rapidly over the past few years, yet they have completely taken the world by storm since 2022, following the launch of OpenAI’s ChatGPT. The chatbot has made such technologies more widely accessible, prompting businesses to assess different means of incorporating AI into their operations.

Aside from the vast opportunities that AI presents, business leaders are also faced with a number of different challenges, including the upskilling and reskilling of employees in order to be make the best use of these technologies.

However, in order for businesses to best make use of these technologies, it all has to start from the topmost level. Business leaders must dedicate some time from their daily routines in order to become more knowledgeable about the advantages and risks that AI and emerging technologies bring.

This is a skill that Mr Patel, when speaking to us for’s end-of-year series for 2024, said he would like to develop in the coming year. Additionally, we also looked into what he is most grateful for in 2023 and where he sees himself in a year’s time.

Mr Patel has served as CEO of Malta-based fintech company Andaria Financial Services since 2020, having gained various years of experience within the payments and banking industries. Since Andaria operates within such a rapidly developing space, it is vital for him, together with his team, to be up to date with any technological updates.

What three words would you use to sum up your 2023? Why?

Resilience: During 2023, my team and I overcame unforeseen hurdles and challenges.

Accomplished: The team at Andaria set clear goals at the start of the year, particularly in terms of product readiness, and we’ve managed to hit our targets.

Social: I had the opportunity to meet a number of like-minded people and interesting professionals in the business world.

What personal accomplishment from the past year are you most proud of?

Establishing a name for Andaria in the embedded finance sector through strategic partnerships.

What are you most grateful for this year?

I am most grateful for my health, family, friends, and our fantastic team at Andaria, whose hard work and commitment have been instrumental in getting us to where we are.

How are you going to spend the New Year?

I will be spending some quality time with my family. I am very much looking forward to the opportunity to relax and unwind in preparation for a huge 2024 for Andaria.

What are the biggest opportunities and challenges you believe 2024 will bring?

For opportunities, I’d say expanding our global presence and introducing our solutions to new industries.

In terms of challenges, I’d go for navigating regulatory changes and attracting top talent.

Is there a particular skill you’d like to develop in the new year?

I’d like to enhance my understanding of emerging technologies and their potential applications in the fintech industry.

Is there something you’d like to change about your daily routine?

Incorporating more time for personal reflection and wellness activities to maintain a healthy work-life balance.

Where do you see yourself in a year’s time?

I see myself leading Andaria towards new ambitious milestones, contributing to the global evolution and popularity of embedded finance whilst fostering a culture of innovation within the organisation.

Featured Image:

Andaria Financial Services CEO Nirav Patel / LinkedIn

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