Wednesday 7 June 2023

Kasisto Launches Maiden Banking Industry-specific Large Language Model

KUALA LUMPUR, June 6 (Bernama) -- Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, has launched KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customisation.

Powered by KAI-GPT, KAI Answers is Kasisto’s first generative artificial intelligence (AI) application to use the LLM. For bank employees on the front line of customer care, it provides the right answers quickly, via a contextual, human-like conversational experience.

“We created KAI-GPT because banks can realise tremendous growth and performance benefits from generative AI - but they need to do so with deep consideration for compliance, accuracy, safety and ethical responsibility. 

“The only way to achieve this is through an LLM that is optimised for the banking industry. Kasisto is making generative AI a practical reality for banks of all sizes, because our technology is built with the highest standards required by the banking industry,” said Kasisto Chief Executive Officer, Zor Gorelov in a statement.

As the first LLM that is purpose-built for banking, KAI-GPT empowers banks with the incredible potential of generative AI to provide human-like, financially literate interactions at speed and scale. 

Already working with 47 major financial institutions, Kasisto has spent the last decade rigorously developing KAI, the leading conversational AI platform trained specifically to serve the banking industry.

Kasisto has also launched KAI Answers, its first generative AI application that harnesses the power of KAI-GPT, helping bankers locate, interpret and understand the information from a variety of sources, including policies, regulatory filings and procedures.

Kasisto is headquartered in New York City, with offices in Silicon Valley and Singapore.

-- BERNAMA

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