We stand by financial institutions consulting them and implementing GenAI-enhanced processes to help them run their operations efficiently.
There are numerous use cases GenAI can support in a financial institution. Across different business units from the capital markets, corporate banking to risk, compliance and information technology, GenAI can transform processes that traditionally are hard to maintain and alter. Some indicative ones are:
✓ Regulatory rules monitoring
✓ Fraud detection
✓ KYC data extraction and client review
✓ Transaction data reconciliations
✓ Trade Processing
✓ Settlement instruction processing
✓ Collateral management
✓ Payment transparency monitoring
✓ Reconciliations
✓ Rules based credit assessment
✓ Risk policy & rules updates
✓ Risk rules monitoring
If you belong to other teams like Sales, Finance, Legal, Client Onboarding, there are more use cases that apply to you. Contact us to explore which one fits your own area of business.
At Finaumate, we offer comprehensive GenAI services designed to enhance efficiency, minimize costs, reduce risks, and boost productivity in financial organizations. Our expertise spans various areas, including risk management, compliance, back-office, and middle-office processes. We guide you through every step—from assessment and evaluation to consultation, implementation, and management—ensuring tailored solutions that meet your unique needs.
We evaluate your current status and challenges together with you.
The initial step in supporting your organization involves evaluating your current status and the difficulties you encounter in the relevant area.
We review your processes to understand the resources and effort required for various tasks. By the end of this assessment, we aim to identify areas with manual processes that can be improved. This thorough understanding allows us to develop strategies to address and streamline these areas effectively.
Together, we identify which implemented case best benefits your organization. The question revolves around identifying the GenAI use case and implementation that would yield the greatest impact for your company.
Aligning with your objectives, we will quantify tangible KPIs that you can expect to achieve. We will present you with various business areas where GenAI can enhance operations, illustrating potential improvements through specific use cases. This approach ensures a targeted application of GenAI to optimize your business processes effectively.
We will consult you on adopting GenAI for your firm, constructing a robust framework. We will provide comprehensive guidance to your firm on the optimal adoption of GenAI, covering the selection of frameworks, appropriate AI models, and suitable technology solutions (whether cloud-based or on-premise) for each specific use case.
Moreover, our consultation will focus on preparing your organization to effectively meet future needs, ensuring a seamless integration process that maximizes the transformative impact of GenAI across all facets of your operations.
We will fully execute the desired plan and subsequent practices with complete responsibility. Once we have finalized the scope of work, we will take full ownership of designing and implementing the complete end-to-end technological solution.
This includes providing comprehensive service and support during the post-production phase to ensure seamless operation. Our commitment is to optimize the solution continuously, aligning it with your evolving needs to maximize its effectiveness and benefit to your organization.
We can oversee solution implementation using your resources and guide your teams on technology and approach. We are equipped to manage the implementation of solutions using your internal resources, providing expert guidance to your teams on both technological choices and strategic approaches.
Our role includes overseeing the entire process to ensure alignment with your objectives, while also facilitating knowledge transfer and skill development among your staff. This approach fosters a collaborative environment where your team can effectively leverage new technologies to achieve optimal outcomes.
Financial Institutions have been always looking to modernise and streamline their operations. There is a big opportunity today to use the power of GenAI and embrace the new innovative landscape to free up resources and accelerate processes. If you are looking for operational efficiency in an increasingly competitive financial landscape, GenAI is your next best solution, just get in touch to show you how.
We all witness the heavy and manual processes the majority of the financial institutions have. On the other side the business requirements change at a much faster pace. That creates a bottleneck.
GenAI can do the heavy lifting on several processes and make the necessary changes fast with precision and accuracy. The short answer is yes, just get in touch to show you a few cases.
We prepare the future of the financial institution empowering it with GenAI capabilities. Our commitment is not only to assess and implement use cases, but also to build the right foundation in the company to adopt the GenAI framework.
We are sensitive about:
Deployment of tools need to adhere to data privacy guidelines including on-premise solutions
Implementation not risking security functions
Design should adhere to corporate governance and responsible AI principles
If you are looking for operational efficiency in an increasingly competitive financial landscape, GenAI is your next best solution.
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