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20 September 2022 |
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● Finance
Al Enabled Cash Management Solution for Companies to Predict Cash Availability
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Kyriba, a global leader of cloud-based finance and IT solutions, announced the launch of Cash Management AI, a new solution based on Artificial Intelligence, which uses data science technologies to predict cash availability with increased speed, control and reliability. The new solution improves companies' cash management and forecasting capabilities. It will therefore mobilize greater confidence and precision for the financing of investments, an important priority for treasurers given the current environment of rising interest rates and market volatility. Key features of Kyriba's Cash Management AI include Artificial Intelligence (AI), Confidence Levels and Business Intelligence.
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● Banking
AI Based Enhanced Virtual Assistant for Online Banking
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Financial services company Truist Financial has added an artificial intelligence (AI)-enhanced virtual assistant to its mobile banking app and online banking platform for personal banking clients. Called Truist Assist, the new virtual assistant provides immediate answers to 100 common support inquiries and digital banking questions and detailed information. Truist Assist incorporates natural-language processing (NLP) and natural-language understanding (NLU) to help answer questions about topics such as managing alerts and viewing account details. When a client’s inquiry requires a deeper level of support, Truist’s self-service channel transitions from the virtual assistant to the company’s contact center team.
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● Human Resource Management
AI Powered Platform for SMEs to simplify HR Functions Recruiting and Performance Management
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In a bid to address the growing concerns of small businesses, especially in the great resignation era cloud-based HR Tech firm, Beehive, has announced the set-up of its shrink-wrapped, all-in-one AI platform, designed for SMEs in India. The data-driven enterprise suite aims to support businesses around employee wellness, wellbeing & productivity features. It aims to simplify HR functions recruiting and performance management simpler & more efficient. Beehive's platform is focused on small business needs, challenging the perception of human resource management with an employee-centric, modern cloud-based HR Software that increases employee productivity.
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● Retail
AI Based Solution to Help Analyse Shopper Behaviour and Increase Loyalty
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Veryfi has launched Veryfi Insights, an analysis provided as an industry resource to understand consumer shopping trends. Through the analysis of hundreds of millions of receipts, Veryfi identifies consumer trends, such as changes in gasoline prices in different regions over time, or relationships between different products when purchased together. Veryfi will share its findings and publish them as monthly Veryfi Insights. Veryfi Insights serve as examples of what is possible when companies dig into the goldmine of information that can be found in unstructured documents. Brands can gain deeper insight into consumer behavior by analyzing the receipt data collected in loyalty programs.
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● Technology
AI Driven Verification Platform to Address Complex Design Workloads and Accelerate Bug Analysis for System-On-A-Chip (SoC)
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Cadence Design Systems CDNS has announced the launch of Verisium Artificial Intelligence (AI)-Driven Verification Platform to address complex design workloads and accelerate bug analysis for system-on-a-chip (SoC). The Verisium platform is developed on Cadence Joint Enterprise Data and AI Platform, which enables the business to integrate its computational software innovations in data and AI across Verisium AI-driven verification, Optimality Intelligent System Explorer's AI-powered system analysis and Cadence Cerebrus Intelligent Chip Explorer's AI-powered implementation.
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