Infosys' wholly-owned subsidiary Finacle on October 3o launched the Finacle Data and AI suite for banks to infuse artificial intelligence (AI) into their digital operations and accelerate their enterprise AI journey.
"The suite will offer a comprehensive set of platforms that enable banks to build lowcode, predictive as well as generative AI solutions from the ground up with high transparency and
explainability," the company said in a press release.
The solution will help banks scale their data readiness, industrialise AI model development, apply generative AI technologies, and deliver actionable insights across their entire ecosystem, the company added.
The announcement comes after the Bengaluru-based company launched two small language models on October 24, built using the NVIDIA AI stack, for banking and IT-specific applications.
The suite consists of three components: Finacle Data Platform, Banking Industry Architecture Network, and Finacle AI Platform.
Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, believes AI is transforming banking by redefining the future of customer experience, risk management, and decision-making.
"The Finacle Data Platform lays out a robust data foundation, and the Finacle AI Platform abstracts the complexities of AI development, putting power in the hands of banks’ business teams to unlock the true potential of AI," Vijayakumar was quoted as saying in the release.
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