Azim Premji's Wipro partners with world's most valuable company for AI-powered cognitive assistants
Leading technology services and consulting company Wipro has announced a strategic partnership with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI). This collaboration will see Wipro's new GenAI-powered cognitive assistants utilizing Microsoft Azure Open AI and being made available on Azure App Services.
According to Wipro, these cognitive assistants are designed to provide financial professionals with deep market intelligence, as well as timely and relevant information on investment products and investor behavior. By leveraging Microsoft's technology, these solutions aim to empower financial advisors and banking professionals to deliver more personalized and timely services to their clients.
Enhancing Financial Services with AI
By incorporating Microsoft Azure Document Intelligence, which employs advanced machine learning techniques to extract text, key-value pairs, and structures from documents, Wipro's cognitive assistants will streamline processes such as onboarding new investors and originating loans. This will not only improve operational efficiency but also reduce the time spent on administrative tasks.
Bill Borden, Corporate VP of Worldwide Financial Services at Microsoft, expressed confidence in Wipro's ability to deliver innovative and scalable solutions that will drive significant business value for customers in the financial services sector.
CEO of Americas 2 Strategic Market Unit at Wipro Ltd, Suzanne Dann, highlighted the importance of these AI-powered virtual assistants in revolutionizing how financial services are delivered. She emphasized that the partnership with Microsoft will enable Wipro to offer cutting-edge solutions that enhance market and product intelligence for industry professionals.
This collaboration represents a significant step forward in leveraging artificial intelligence and cloud technologies to transform the financial services landscape. By harnessing the power of GenAI and Microsoft Azure, Wipro is poised to set new benchmarks in delivering unparalleled value to its clients.
