Given that Gen AI can completely transform the services that IT companies provide to their clients, these companies are focusing more and more on this technology. Wipro recently announced a strategic partnership with Microsoft to launch a wide range of virtual assistants explicitly designed for the financial services industry, all driven by the creative potential of generative Gen AI.
These intellectual assistants are ready to provide financial professionals with market insights, giving them access to relevant and timely information about investor behaviour and investment products. This collaboration represents a major step forward in utilising Gen AI’s disruptive potential to improve the efficacy of financial services and increase value for stakeholders and customers alike.
HCL Technologies announces collaboration with AWS
HCL Technologies has announced a global strategic collaboration deal with Amazon Web Services (AWS), which aims to push the digital transformation of business through the lens of Gen AI. This announcement coincides with Wipro’s significant progress in artificial intelligence. The partnership between AWS and HCLTech has the potential to speed up the adoption of revolutionary technologies by helping businesses explore and build Gen AI-led application cases, proofs of concept, tools, and solutions. Together, they will create a framework with target-based milestones closely aligned with corporate plans, allowing clients to have flexible consumption models while co-creating customised Gen AI-led solutions.
Also read: HCLTech and AWS Announce Collaboration to Accelerate GenAI Adoption
Wipro to use Microsoft Azure Open AI to Power Virtual Assistants
Wipro’s plan to use Microsoft Azure Open AI to power virtual assistants is another example of how the industry works together to use top cloud platforms with Gen AI capabilities. Wipro’s AI practice is actively working on over ten GenAI ideas being developed as a proof of concepts on Azure Open AI. The company employs 55,000 AI associates worldwide, with over 50% having training and expertise in Azure AI/ML. These joint efforts by IT firms highlight a shared commitment to utilising Gen AI’s potential to revolutionise various industries.
Also read: Srini Pallia Takes Over as Wipro CEO After Thierry Delaporte Steps Down
Conclusion
The financial services sector is witnessing a turning point with the introduction of Gen AI. This technology opens up possibilities by automating complex operations, personalising customer interactions, and enabling quicker, more informed decision-making. The financial services industry is exceptionally positioned to transform client interactions, improve processes, and bring a new era of superior service and unmatched productivity as Gen AI advances.
