Anjali Sharma
GG News Bureau
NEW YORK, 7th May. Wipro on Monday has announced its collaboration with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI) in a press release issued in New York.
Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination, aim to revolutionize how financial professionals operate, Wipro said.
GenAI technology will help these assistants will furnish financial experts with in-depth market insights and timely updates on investment options and customer behavior.
They’ll streamline the investor on boarding and loan origination processes by slashing document validation times and offering helpful responses to investor queries.
Suzanne Dann, CEO of the Americas 2 Strategic Market Unit at Wipro, expressed excitement about collaborating with Microsoft, highlighted the potential for exceptional client experiences and increased productivity in the financial sector.
Dann said “This new solution set, powered by Microsoft, will help provide better and faster market and product intelligence to financial advisors and banking professionals, enabling them to deliver more personalized and timely service to clients. These solutions will also reduce the multipl often repetitive teps needed to onboard new investors or originate loans, cutting down the time spent on paperwork,”
“We look forward to deepening our collaboration with Microsoft in this sector and continuing to deliver cutting-edge solutions to our financial services clients.”
She added that what sets these cognitive assistants apart is their integration with existing digital platforms, ensuring a smooth experience for both financial professionals and their clients.
The new GenAI-powered cognitive assistants will run on Microsoft Azure Open AI and will be available on Azure App Services as per the information shared by the Wipro.
The solutions will leverage Microsoft Azure Document Intelligence, which applies advanced machine learning to extract text, key-value pairs, and structures from documents to turn them into actionable data.
These solutions are strengthened by Wipro’s Generative AI framework, WeGA, which helps reduce hallucinations and improves the accuracy and safety of the responses while bringing traceability to the responses generated.
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