Connect with us

Technology

NEW AI COPILOT PLUGIN IS A BREAKTHROUGH FOR FINANCIAL INSTITUTIONS, TRANSFORMING EXISTING, SILOED SYSTEMS IN SECONDS

Published

7 months ago

on

AMSTERDAM, June 6, 2024 /PRNewswire/ — A groundbreaking generative AI copilot plugin, launched by Lucinity at Money2020 Europe, delivers immediate ROI. The copilot plugin is system-agnostic, acting as one central copilot that can be used on top of all web-based enterprise applications, pulling data from any system including Customer Relationship Management (CRM) systems, case management systems, third-party vendors, and Excel documents.

 

The new plugin enhances Lucinity’s AI copilot, ‘Luci,’ launched last year as the world’s first AI copilot for financial crime prevention. This new plugin functionality now means that Luci is the easiest copilot to integrate into any financial institution (FI), boosting productivity by up to 90% and resulting in substantial cost savings.

It also means that businesses can keep the same licenses and contracts they already have with their current providers, while augmenting their insights and accelerating decision making. FIs can now start using GenAI without the constraints, enormous costs, and lengthy timelines of traditional implementations.

Lucinity has also released the Copilot Skills Studio, an innovative workflow automation studio leveraging Generative Intelligence Process Automation (GIPA). GIPA combines traditional AI, generative AI, and Robotic Process Automation (RPA) all in one, to automate end-to-end processes that typically involve repetitive work, information gathering and analysis, or human-like decision making abilities.

This includes automating end-to-end workflows to gain insights on customers, such as running a negative news search, producing a transaction summary from a screenshot of Excel, and obtaining a money flow visualization from a customer’s transactions. At the end, all the insights can be directly added to a case or a customer’s profile. This process typically requires one to four hours, but can now be performed in a matter of minutes. Through this technology, FIs are now able to automate entire workflows that they could initially only perform by executing various tasks across multiple systems.

Lucinity’s customers are already witnessing the power of Luci in action. Hannah Becher, Fraud and AML Surveillance Lead from Pleo, a fintech company that provides businesses with spending solutions, says: “Luci is streamlining Pleo’s proof of business (POB) checks, significantly enhancing the efficiency and accuracy of verifying the legitimacy of new customers. With Luci, these checks are completed in a matter of minutes.

“The process runs automatically or is manually initiated as part of the review process. Luci not only evaluates the legitimacy of businesses but also provides well-documented recommendations with complete references to the data sources used, ensuring full auditability and explainability of its assessments. The automated POB check can be reviewed and edited by Pleo’s analysts to ensure correctness.”

“This new innovation will blow your mind,” says GK, Founder and CEO of Lucinity. “One of the most common things we hear from FIs is that they love our products, but they have an old system they can’t get rid of that they’ve just invested in. With our new copilot plug-in, that’s not a problem. I was blown away when using Luci myself in our own CRM system and directly in Microsoft Outlook to prepare for meetings. I never thought I would start to use our own software without working directly in FinCrime prevention, but Luci is just so powerful now that it is even assisting me in my daily work.”

When accessing publicly available data, Luci can be implemented instantly – after which privately-held data sources can be added. Luci can also still be deployed within the complete Lucinity platform, working with powerful modules such as Case Manager and Customer 360°. Lucinity’s platform is also system-agnostic, connecting with any Transaction Monitoring, Fraud, or KYC systems that FIs currently use or would like to integrate with.

In terms of security, Lucinity uses state-of-the-art models like Microsoft Azure Open AI for secure infrastructure. Luci was developed within the world of compliance, ensuring maximum auditability with detailed Audit Log functionality.

Summary of groundbreaking innovations built into the Luci copilot:

Copilot plug-in allows generative AI copilot to work with old and new systems and deliver results immediatelyGIPA platform incorporates advanced artificial intelligence technologies to automate complex cognitive tasksSeamless Copilot Skills Studio to customize automated tasks

Logo – https://mma.prnewswire.com/media/2208676/4669079/Lucinity_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/new-ai-copilot-plugin-is-a-breakthrough-for-financial-institutions-transforming-existing-siloed-systems-in-seconds-302166578.html

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Zoomlion Smart Industrial City Achieves Full Solar Integration, Setting a Green Benchmark for the Industry

Published

36 minutes ago

on

January 9, 2025

By

CHANGSHA, China, Jan. 9, 2025 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”, 1157.HK) announced that the rooftop distributed photovoltaic (PV) project at the Mobile Crane Machinery Park of Zoomlion Smart Industrial City has successfully connected to the grid, marking the achievement of full-capacity solar power integration. With this milestone, all parks within the Smart Industrial City now operate entirely on green energy, setting a new benchmark for sustainability in the industry.

The distributed PV system at Zoomlion Smart Industrial City spans across four major parks: Concrete, Mobile Crane, Earthmoving Machinery and Aerial Work Platform. Covering a total installation area of 400,000 square meters, the solar power system now boasts a total capacity of 85 MWp, with an annual electricity output of 65.6 million kWh. This is equivalent to saving 21,500 tons of standard coal and reducing carbon dioxide emissions by 65,400 tons annually, underscoring Zoomlion’s commitment to energy conservation and low-carbon development.

The rooftop PV system at Zoomlion Smart Industrial City is one of the largest in the industry, generating clean energy that not only lowers operating costs but also supports the company’s high-quality development goals. Moreover, the project enables Zoomlion to apply for more than 6,500 green certificates annually, enhancing the export potential of its products by aligning with international green standards.

Zoomlion has taken a leadership role in promoting green development across its operations. Beyond its industrial parks, Zoomlion has embedded sustainability into its core technological development strategy, advancing foundational research in green technologies. Through green design, manufacturing, management, and standardization, the company is contributing to global sustainable development initiatives.

In 2024, the company implemented comprehensive energy-saving and emission-reduction measures, achieving green transformation from production to product delivery. Zoomlion has significantly expanded its lineup of new energy products to meet diverse market demands. The Aerial Work Platform product line now features over 90% coverage in new energy models.

By leveraging advanced digital and intelligent technologies, Zoomlion has also propelled green transformations across its supply chain and industry ecosystem. The company continues to lead the establishment of green standards, driving the machinery industry towards sustainable and circular growth.

With its ongoing efforts to enhance productivity and empower intelligent manufacturing, Zoomlion is paving the way for a greener future in the machinery industry.

View original content:https://www.prnewswire.com/news-releases/zoomlion-smart-industrial-city-achieves-full-solar-integration-setting-a-green-benchmark-for-the-industry-302346830.html

SOURCE Zoomlion

Continue Reading

Technology

LIVE from CES 2025: FOSSiBOT Unveils Disruptive Energy Storage and Rugged Smartphones

Published

36 minutes ago

on

January 9, 2025

By

LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — CES 2025 is in full swing in Las Vegas, and FOSSiBOT, a rising star in portable power and rugged devices, is making waves with its latest innovations. A standout product is their high-capacity 5kWh home energy storage system, poised to revolutionize the home energy landscape and redefine industry standards.

CES 2025 Floor: FOSSiBOT’s 7200W Home Energy System Steals the Show

FOSSiBOT is showcasing a powerful 7200W home energy storage system with a substantial 5kWh capacity at CES 2025. Designed to provide reliable backup power, reduce reliance on the traditional grid, and even enable energy self-sufficiency, this system is drawing crowds at the global tech event.

The Significance of 7200W and 5kWh:

7200W Power: This robust output can simultaneously power high-demand appliances like air conditioners, induction cooktops, and electric water heaters, ensuring essential needs are met during power outages. This is a significant power level for the home energy market.5kWh Capacity: This is a key differentiator. In a market dominated by 1-3kWh systems, 5kWh offers significantly extended runtime. For instance, it can power a 90W refrigerator for over 55 hours or a 700W air conditioner for over 7 hours. This capacity sets a new benchmark for home energy storage.

Looking Ahead: FOSSiBOT Developing Balcony Solar Solutions

According to FOSSiBOT, the company is actively developing integrated balcony solar solutions designed to enable users to harvest and store solar energy for greater energy independence. While not on display at CES, FOSSiBOT states this technology is a key focus for future development.

FOSSiBOT’s existing portable power station lineup is also on display, including the F1200 (emphasizing portability), the F2400 (offering increased capacity and higher output), and the flagship F3600 Pro (with advanced features and expandability), showcasing the company’s expertise in portable energy solutions and laying the groundwork for its expansion into the home energy market.

Smartphone Highlights at CES 2025: The S3 Pro Makes a Splash

In the smartphone arena, the recently launched S3 Pro, featuring a vibrant AMOLED display, is making a strong impression at CES 2025, offering attendees a premium visual experience. The unique rear display is also attracting considerable attention. The S3 Pro is available at a competitive price on the FOSSiBOT website.

Existing models like the F106 Pro (combining a large speaker with a 3W camping light) and the F109 (a 5G rugged phone) are also garnering attention at CES 2025 for their reliable performance and distinct features.

The Upcoming F112 Pro: Style Meets Ruggedness Takes Center Stage at CES 2025

The highly anticipated F112 Pro has made its official debut at CES 2025. Blending portability, ruggedness, and stylish design, it features a 6.88-inch HD+ waterdrop display and multiple color options, quickly becoming a focal point on the show floor.

CES 2025: FOSSiBOT Showcases Innovation and Seeks Partnerships

FOSSiBOT’s presence at CES 2025 underscores its commitment to innovation in both the energy storage and smartphone sectors, as the company actively seeks partnerships with global retailers, distributors, and resellers.

FOSSiBOT’s showing at CES 2025 is impressive, and its 5kWh home energy system and new smartphones are poised to make a significant impact on the market.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/live-from-ces-2025-fossibot-unveils-disruptive-energy-storage-and-rugged-smartphones-302346845.html

SOURCE FOSSiBOT

Continue Reading

Technology

Persistent Introduces Pi-OmniKG with Google Cloud

Published

36 minutes ago

on

January 9, 2025

By

Accelerating biomedical research with AI-driven solutions

SANTA CLARA, Calif. and PUNE, India, Jan. 9, 2025 /PRNewswire/ — Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, today announced the launch of Pi-OmniKG, an advanced AI-driven knowledge graph solution developed with Google Cloud technology. ‘Omni’ signifies the ability to universally handle diverse data, and ‘KG’ stands for Knowledge Graphs powered by GenAI. This innovative solution empowers healthcare and life sciences (HCLS) organizations to accelerate biomedical research, streamline data mining processes, and deliver insights with greater speed and accuracy.

Biomedical research is often hindered by time-consuming and labor-intensive data mining workflows. Legacy systems struggle to incorporate and analyze diverse datasets effectively, delaying the generation of actionable insights critical for HCLS enterprises. Pi-OmniKG addresses these challenges by modernizing data integration processes, creating a holistic knowledge base to decipher complex relationships, allowing researchers to make faster, evidence-based decisions by unlocking hidden insights. Furthermore, Pi-OmniKG enables direct querying of structured and unstructured internal data assets, alone or in combination with external data.

Key benefits of the solution include:

Reducing hypothesis generation time, empowering researchers to make faster, evidence-based decisions.Speeding up data processing, leading to improved research efficiency.Seamlessly integrating diverse data types, files, and sources from public and private datasets, creating a unified knowledge base.Incorporating reusable components with built-in flexibility to meet specific client needs for smart decision support.

Pi-OmniKG is built using Google Cloud’s advanced technologies — including the Vertex AI platform, BigQuery, and Cloud SQL — leveraging GenAI capabilities to streamline workflows, standardize data, and enable seamless integration of structured and unstructured datasets. Its intuitive interface allows researchers to query and visualize data, uncovering novel relationships and delivering high-quality insights backed by authentic citations. 

Persistent has been working with Google Cloud’s cutting-edge AI and cloud technologies for over a decade to deliver transformative solutions that address complex industry challenges. The launch of Pi-OmniKG builds on the Strategic Partnership Agreement Persistent announced in June 2024, which strengthens the collaboration between the two organizations to support Persistent’s development of AI-driven solutions across industries. It exemplifies Persistent’s vision of providing a smarter, faster, and more accessible way for HCLS organizations to process biomedical data and drive innovation.

Ganesh Nathella, Senior Vice President and General Manager – HCLS Business, Persistent

“In an era where data-driven insights are vital to accelerating drug discovery, clinical research, and patient-centric care, the challenges of managing vast and complex datasets often impede progress in biomedical R&D. At the intersection of technology and life sciences, our collaboration with Google Cloud enables us to deliver transformative solutions tailored to this industry’s unique needs with a data-first approach. Pi-OmniKG enables life sciences organizations to streamline workflows, leverage data, and drive breakthroughs with precision. Together, we are advancing the capabilities of researchers and research organizations to address critical challenges and accelerate progress across the healthcare and life sciences ecosystem.”

Shweta Maniar, Global Leader, Healthcare & Life Sciences Solutions & Strategy, Google Cloud

“As the volume and complexity of biomedical data continue to grow, researchers need smarter tools that unlock the true potential of this data. Pi-OmniKG, powered by Google Cloud’s GenAI capabilities, showcases how AI can empower organizations to drive faster discoveries, bring therapies to market sooner, and advance global healthcare innovation. This collaboration with Persistent underscores our shared commitment to enabling breakthroughs in life sciences.”

About Persistent

Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization to businesses across industries. With over 23,200 employees located in 19 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company has been recognized as the “Most Promising Company” of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. Persistent has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 327% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in the 2024 Brand Finance India 100 Report.

www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs

Logo: https://mma.prnewswire.com/media/1022385/Persistent_Systems_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/persistent-introduces-pi-omnikg-with-google-cloud-302346848.html

SOURCE Persistent Systems

Continue Reading

Trending