cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Press Release

Wipro and Microsoft collaborate to Launch Generative AI-Powered Virtual Assistants for Financial Services

News Desk by News Desk
May 7, 2024
Wipro AI

Wipro announced that it is collaborating with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI): Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination.

Harnessing the power of GenAI, the Wipro cognitive assistants will provide financial professionals with deep market intelligence and relevant and timely information on investment products and investor behavior. The solutions will also accelerate the investor onboarding and loan origination process by significantly reducing the time it takes to validate documents and providing meaningful and contextual responses to investor queries throughout the process. 

 The Wipro cognitive assistants, powered by Azure OpenAI, will fully integrate with existing mobile and digital platforms, providing a seamless user experience and a unified source of information to both financial services professionals and their clients.

“Generative AI opens a new era of possibilities for exceptional client experiences and enhanced productivity in the financial services sector,”said Suzanne Dann, CEO of Americas 2 Strategic Market Unit at Wipro Limited. “This new solution set, powered by Microsoft, will help provide better and faster market and product intelligence to financial advisors and banking professionals, enabling them to deliver more personalized and timely service to clients. These solutions will also reduce the multiple—often repetitive—steps needed to onboard new investors or originate loans, cutting down the time spent on paperwork. We look forward to deepening our collaboration with Microsoft in this sector and continuing to deliver cutting-edge solutions to our financial services clients.”

Wipro’s new GenAI-powered cognitive assistants will run on Microsoft Azure Open AI and will be available on Azure App Services. Further, the solutions will leverage Microsoft Azure Document Intelligence, which applies advanced machine learning to extract text, key-value pairs, and structures from documents to turn them into actionable data.

These solutions are further strengthened by Wipro’s Generative AI framework, WeGA, which helps reduce hallucinations, improves the accuracy and safety of the responses, while bringing traceability to the responses generated.

ADVERTISEMENT

“Wipro has extensive financial services expertise, and we know that their new AI-powered virtual assistants will deliver innovation, scale and meaningful business value for customers,” said Bill Borden, Corporate Vice President, Worldwide Financial Services at Microsoft. 

Nagendra Bandaru, Managing Partner and President, Wipro Enterprise Futuring, added, “The Financial Services industry is undergoing a rapid transformation led by Fintech. Artificial intelligence will increase the agility of services we can deliver and drive better business outcomes for our clients. Our collaboration with Microsoft empowers us to amplify our capacity to harness predictive analytics and machine learning which ensures smarter decision making, improved risk management and personalized customer experiences.”

The Wipro AI practice is currently working on more than 10 novel GenAI ideas that are being developed as proof of concepts on Azure Open AI. The practice earned the “Advanced Specialization in AI and ML on Microsoft” certification in June’2023.  Wipro has 55,000 AI associates across the globe with more than 50 percent trained and skilled in Azure AI/ML.

Also Read: SAP Extends Contract with CEO Christian Klein

News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

Ericsson
Press Release

Ericsson teams with Sunswift Racing to enhance race experience with 5G and satellite Intelligent Bonding

July 31, 2025
Visa
Press Release

Visa Brings Google Pay Integration to Fleet Cards, Enabling Tokenization and Push-to-Wallet Across the Digital Wallet Ecosystem

July 30, 2025
Infosys RWE
Press Release

Infosys Partners with RWE to Transform Digital Workplace and Enhance Operational Efficiency

July 29, 2025
L&T Technology
Press Release

L&T Technology Services Wins ~$60 Million Software Engineering Engagement From US Tier-I Telecom Provider

July 28, 2025
Tech Mahindra
Press Release

Tech Mahindra Joins J.P. Morgans Payments System Integrator Program to Accelerate Innovation in Payments System

July 22, 2025
Fujitsu and Acer
Press Release

Fujitsu and Acer Medical trial AI service that assesses future disease risk in elderly patients through gait pattern abnormality detection

July 16, 2025
Infosys Foundation Springboard
Press Release

Infosys Foundation Launches Springboard Livelihood Program

July 15, 2025
Megaport and Lufthansa Systems Partner for Digital Transformation in the aviation industry
Press Release

Nedgia Transforms its Customer Service with a Pioneering Virtual AI Agent Solution Together with IBM Consulting

July 15, 2025
Load More
ADVERTISEMENT

Latest Updates

Ericsson SoftBank

Ericsson Partners with SoftBank to Expand 4G and 5G Network with AI-Driven Solutions

by News Desk
22 hours ago

Thimaya Subaiya

Genpact Appoints Thimaya Subaiya to Board of Directors

by Deepa Sharma
1 day ago

AI Breaches

The Growing Risks of AI-related Breaches: Insights from IBM’s 2025 Report

by Deepa Sharma
2 days ago

Palo Alto CyberArk

Palo Alto Networks to Acquire CyberArk for $25 Billion, Strengthening Identity Security and Cyber Defense

by Deepa Sharma
2 days ago

Ericsson

Ericsson teams with Sunswift Racing to enhance race experience with 5G and satellite Intelligent Bonding

by News Desk
2 days ago

Sophos Partner Program

Sophos Launches New Partner Program to Drive Growth and Market Advantage for Partners

by News Desk
2 days ago

Expert Views

Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved