CIO plan for implementing AI

A 5-point CIO plan for implementing AI-based automation in daily work operations

The need for an effective CIO plan for implementing AI Many studies have found that if organizations do not evolve their mindset and efforts to implement AI in their organizations, they risk creating a huge gap between themselves and other institutions that are advancing by adopting AI. And for those organizations that adopt AI, not […]

IPA for non-banking financial companies

How can AI and IPA benefit the non-banking financial companies (NBFCs)

Introduction  Over the past few years, the Financial Services (FS) sector has witnessed a reduction in expenditure required for carrying out processes related to customer transactions. As more information is exchanged between channels, new data keeps accumulating. Even with the adoption of new digital technologies, many non-banking financial institutions struggled to cope with this shift […]

Artificial Intelligence in Banking and Finance

Influence of Artificial Intelligence on the Banking and Financial Services sector: Key Insights

Artificial Intelligence in Banking and Financial services has become driver for enhanced customer service, reduced operational costs and increased operational efficiency. Businesses in BFSI sector are optimistically inclined towards AI-powered process automation, front end support, to meet their businesses goals. According to McKinsey & Company, Artificial Intelligence potentially could unlock about USD 1 trillion in […]

AI-for-Finance

The World of Financial Services Stands on a Brink of Permanent Transformation as Applications based on AI for Finance Take Giant Strides

Chris Skinner once said, “Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.” And as a corollary to this ideology, most organizations in the BFSI sector are gradually warming up to the vast pool of benefits offered by recent technological advancements that […]

Simplifai-Signs-Deal-Home-First-Finance

Simplifai Bags Deal with Home First Finance Company in India – To Automate Sales-Lead Generation and Qualification Process

Simplifai signs an exciting deal with Home First Finance Company (HFFC) in India to manage and integrate process automation through an AI-driven Chatbot solution. HFFC receives around 150-200 chat inquiries every day from several platforms namely their web portal and WhatsApp. Simplifai’s omnichannel Chatbot will provide real-time customer support by streamlining conversation flow to get higher […]