Collaboration between Wipro and Microsoft results in the launch of AI-powered assistants for financial services

Wipro, a leading IT services company, has announced a groundbreaking collaboration with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI). These assistants, including Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination, are set to revolutionize the way financial professionals access market intelligence.

According to Wipro, these cognitive assistants will not only provide deep market intelligence but also offer timely information on investment products and investor behavior. The solutions are designed to streamline investor onboarding and loan origination processes by reducing document validation time and providing informative responses to investor queries.

What sets these cognitive assistants apart is their integration with Azure OpenAI, enabling seamless connectivity with existing mobile and digital platforms. This integration promises a smooth user experience and a centralized source of information for both financial services professionals and their clients.

Suzanne Dann, CEO of Americas 2 Strategic Market Unit at Wipro Ltd, expressed excitement about the partnership with Microsoft, stating that the new solution set will empower financial advisors and banking professionals to deliver personalized and timely services to clients. Additionally, Bill Borden, Corporate VP, Worldwide Financial Services at Microsoft, praised Wipro’s expertise in the financial services sector and highlighted the potential for these AI-powered virtual assistants to drive innovation and business value for customers.

Overall, Wipro’s collaboration with Microsoft marks a significant milestone in the financial services industry, promising enhanced efficiency, personalized services, and meaningful business value for all stakeholders involved.