GFF 2024 Spotlight: Wegofin Introduces Groundbreaking AI Banking Solutions, AcquireX & WegoAI
The launch featured Bollywood’s leading "Stree," Shraddha Kapoor, and was led by CEO Y S Prabhu Kumar.
BRAND CONNECT
September 09, 2024 / 15:58 IST
Wegofin made headlines with the launch of its revolutionary AI banking solutions, AcquireX and WegoAI at the Global Fintech Fest, the world’s largest premier fintech event of the Year. Held from August 28-30, 2024, at the Jio World Convention Centre in Mumbai, this event has set a new standard in financial technology.The launch featured Bollywood’s leading "Stree," Shraddha Kapoor, and was led by CEO Y S Prabhu Kumar. This significant milestone for Wegofin underscored its role in transforming the future of fintech with forward-thinking innovations.Y S Prabhu Kumar expressed his excitement, saying, “The launch of AcquireX and WegoAI is an important step in our journey to improve the banking experience. We are excited to introduce these new solutions that use artificial intelligence to change the way financial technology works.”During the event, Shraddha Kapoor engaged the audience with her thoughts on the future of banking. “AI + Fintech + Banking, It’s a revolution!” she responded. Kapoor highlighted how AI is transforming banking, comparing it to the convenience of UPI and noting how Wegofin’s solutions take mobile banking to the next level. “With AcquireX and WegoAI, we’re stepping into a new era of AI-powered banking,” she added.The introduction of AcquireX and WegoAI was well-received by the attendees. AcquireX, Wegofin’s main product, offers a complete AI-enabled platform to improve merchant services for banks. It is an advanced AI-powered SaaS platform that simplifies and enhances banking operations. It includes Digital Onboarding, which makes the Know Your Customer (KYC) process quicker and easier, and an AI Risk Engine that helps detect and prevent fraud. This technology helps banks manage their merchant services more effectively and securely. Kumar showcased its features, explaining how it simplifies banking operations with a single integration. “AcquireX is a major improvement for banks,” he said. The demo of AI capabilities in fintech left the audience stunned, and AcquireX emerged as the go-to solution for UPI merchant acquiring for banks.WegoAI, the second major offering, aims to transform online banking with its set of AI-powered managers. This includes an AI accountant, AI relationship manager, and more, all designed to make banking easier and more personal. WegoAI brings advanced AI features such as personalised banking, which customises services to each customer’s needs, predictive analytics that helps forecast financial trends, and automated customer service that provides quick assistance. These features work together to improve the overall banking experience for merchants and customers. Kumar demonstrated the features of AcquireX, detailing how it does banking operations with just one integration. “AcquireX is a major improvement for banks,” he said.Throughout the event, the audience saw live demonstrations of the AI managers in action. From retrieving virtual account details to providing tax summaries and managing expenses, the AI-powered solutions showed how they can handle various banking tasks quickly and accurately. The interactive segments highlighted how these technologies can greatly improve banking operations.Prabhu Kumar shared his excitement about the future of AI in banking. “Our goal is to make banking smarter, safer, and more efficient. With Wegofin’s AI solutions, we’re not just imagining the future of fintech—we’re making it happen,” he said.As the event came to a close, Kapoor and Kumar reflected on the importance of the launch. Kapoor expressed her satisfaction with being part of the event and praised Wegofin’s innovative approach. “It’s been a pleasure to share the stage with Prabhu and be part of this exciting launch. Wegofin is making a difference for everyone involved in banking,” she concluded.Prabhu Kumar thanked the attendees and emphasised the collaborative nature of the achievement. “Your support strengthens our commitment to pushing the boundaries of fintech. This milestone is a shared accomplishment, and we’re excited to move forward with such an innovative vision,” he said.Moneycontrol Journalists were not involved in the creation of the article.
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