Financial solutions provider Uptiq has introduced the Uptiq AI Workbench, an enterprise AI platform tailored for the regulated financial services sector.
The platform is designed to transform how wealth management companies, banks, and fintechs provide AI-First experiences to their customers.
With implementation across over 350 financial institutions, including Focus Financial Partners, Uptiq AI has already processed loans worth over $1bn.
The Uptiq AI platform offers a suite of pre-packaged agents to support financial advisors, loan officers, and back-office staff, enhancing client engagement and streamlining numerous tasks.
It integrates seamlessly with existing workflows and is compatible with leading WealthTech and BankTech platforms such as Orion and Alkami. This integration facilitates a smoother transition to AI-driven operations within financial institutions.
Uptiq’s AI is designed to avoid the ‘hallucinations’ common in general-purpose large language models (LLMs), which can produce inaccurate or misleading information.
The key features of the Uptiq AI platform include a customisable AI Workbench that automates complex tasks, improving efficiency and reducing manual workloads.
This platform’s focus on accuracy and compliance allows financial institutions to safely integrate AI into their operations.
Additionally, the platform prioritises security and regulatory compliance, ensuring the protection of sensitive financial data and traceability of AI outputs.
With its vertical integration, the platform connects with over 100 data sources across various financial sectors, providing accurate and live information for every interaction with its AI agents.
Uptiq CEO Snehal Fulzele said: “We are excited to bring a unique vertical AI Platform for the industry to deliver innovation at the speed of AI.
“We recognise that the ever expanding universe of foundational Generative AI models, more traditional predictive AI models and age-old rules-based engine have to come together to deliver innovation for FIs in a compliant manner.”
“Uptiq launches new enterprise AI platform for wealth managers, banks” was originally created and published by Private Banker International, a GlobalData owned brand.
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