The meeting involved a discussion on how to effectively implement no-code tools and front-end technologies in the finance sector. The participants, referred to as State Changers, discussed the utility of tools such as "Zapier" and "Excel" for automatic data classification and processing. The meeting also touched on the importance of understanding the market to inform technological choices.
Topics explored included the feasibility of generating data via API and downloading it to Excel in a formatted way using no-code tools. They acknowledged that although doable, it would require a significant amount of work. On the topic of front-end development, different languages were considered, including React. The discussion intensified towards the concept that the best UI is no UI, implying the lesser the user has to alter their works. That point steered the conversation towards Robotic Process Automation (RPA), which improves consistency, increases speed, and decreases cost. The participants also talked about the financial institutions' resistance to change. They highlighted how these institutions avoid major technological shifts, which leads to big cost savings. The primary takeaway from the meeting was the recognition that understanding market-specific concerns is critical when choosing technology and that adding value for customers must drive technological decisions. It's also important to minimize disruptions for enterprises when introducing new technologies and to consider bespoke solutions for financial institutions who view themselves as unique entities.
(Source: Office Hours 8/8/23 )
