Tuesday, May 21, 2024

Wipro, Microsoft to launch GenAI-powered assistants for financial services


Share post:


Shillong, May 6: Leading technology services and consulting company Wipro on Monday announced that it is teaming up with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI).

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 behaviour.

“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 personalised and timely service to clients,” Suzanne Dann, CEO of Americas 2 Strategic Market Unit at Wipro Ltd, said in a statement.

“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.

“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,” said Bill Borden, Corporate VP, Worldwide Financial Services at Microsoft. (IANS)


Related articles

Haley faces murky path on whether or not to endorse Trump

Columbia, May 20: Nikki Haley is perhaps the highest-profile Republican in the nation who has refused to fall...

World Watch

WikiLeaks founder wins bid to challenge extradition to US London, May 20: Wikileaks founder Julian Assange on Monday won...

Taiwan’s new prez urges China to stop military intimidation

China breathes fire as Taiwan asserts sovereignty Taipei, May 20: Taiwan’s new president, Lai Ching-te, said in his inauguration...

World leaders mourn Raisi’s death

Moscow, May 20: Global leaders on Monday expressed their condolences over the death of Iranian President Ebrahim Raisi...