Anjali Sharma
GG News Bureau
NEW YORK, 8th May. Wipro on Tuesday announced that it is teaming up with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence.
According to the company, the cognitive assistants will provide financial professionals with deep market intelligence and appropriate and timely information on investment products and investor behavior.
Suzanne Dann, CEO of Americas 2 Strategic Market Unit at Wipro Ltd, said in a statement that “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 multiple often repetitive steps needed to onboard new investors or originate loans, cutting down the time spent on paperwork,” she added.
Wipro’s new GenAI-powered cognitive assistants will be powered by Microsoft Azure Open AI and available on Azure App Services. The solutions will also utilise Microsoft Azure Document Intelligence, which uses advanced machine learning to extract text, key-value pairs, and structures from documents.
Bill Borden, Corporate VP, Worldwide Financial Services at Microsoft said “Wipro has extensive financial services expertise, and we know that their new AI-powered virtual assistants will deliver innovation, scale and meaningful business value for customers.”
Comments are closed.