AI: An essential factor in the Digital Transformation for BFSI
Simplifai recently participated as an Associate Partner at the 7th BFSI Leadership Summit held on May 13, 2022, at The Lalit, Mumbai. The event was aimed at gathering CXOs and other C-level business executives from various financial organizations across the country. Organized by Elets, this one-day summit included insightful sessions headed by leaders from the BFSI sector, panel discussions, expos with booth exhibits, and felicitation activities.
The panel discussion covered a range of topics such as culture and technology for digital transformation in both banking and insurance industries, security roadmap, modernization of data management, and the role of Artificial Intelligence in BFSI.
At this 7th edition of the Leadership Summit, a key emphasis was kept on paving the way for India’s digital banking future. The Summit platform brought the top players in India’s BFSI sector together and provided a peek into the most recent technologies and digital innovations that are responsible for the transformation of the industry. A wide range of topics was covered at this ‘In-Person’ event from the banking and financial industries. From leading banking and financial institutions, more than 100 CXOs, solution providers, tech innovation organizations, and many others were present at this event. All the companies shared their expertise on the issues about technological innovations adopted in the Banking, Financial Services, and Insurance industries.
Speaker presentation by Vasim Shaikh – CEO, India Operations – Simplifai
Our CEO of India Operations – Vasim Shaikh represented Simplifai as a speaker at the event and presided on the topic of how Artificial Intelligence is an essential factor in the Digital Transformation of BFSI. In this session, she mainly spoke about how AI has become a necessity for businesses in today’s world, as they increasingly embrace the benefits offered by business automation.
The session touched upon how AI is a necessity and not a choice for businesses for streamlined automation of daily work processes. It also covered several parameters for businesses to become ready for implementing AI initiatives in their respective organizations.
Simplifai exhibition booth at the 7th BFSI Leadership Summit
Apart from this, Simplifai also had an exhibition booth at the Summit, wherein our representatives took part in sharing information of our AI-based Intelligence Process Automation with the exhibition visitors. With a focus on our key AI solution called Digital Employee, the Simplifai representatives held exciting conversations with the visitors about how BFSI can help businesses achieve end-to-end work process automation.
Key Takeaways from Simplifai’s association with Elets 7th BFSI Leadership Summit
- BFSI is among the early adopters of AI within business operations
- AI has become essential to meet the rising customer expectations
- Focal areas for AI deployment in the BFSI sector
- Why AI has become imperative to sustain the current market scenario
- How we make AI simple and accessible for all
Simplifai is an AI solutions company that provides end-to-end automation for businesses dealing with free text emails, documents, and chat communications. Simplifai AI solutions provide streamlined email automation and document processing for improved business work efficiency and reduced operational costs.
Along with RPA, API, and advanced NLP technology. Simplifai’s AI-powered Digital Employee solutions are tailored as per business requirements and comprise individual AI modules such as Emailbot, Documentbot, and Chatbot. These modules can be integrated with third-party systems and are programmed to carry out specific tasks at the front-end and back-end.
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