AI in BFSI: From Tools to Infrastructure
[Download this note] The Paradox at the Heart of BFSI BFSI is the infrastructure on which almost every other industry runs, but it is also one of the most layered and operationally opaque systems built. Even as technology has advanced and created a positive outcome by reducing the drudgery and manual intervention in banking operations, the complexity in BFSI technology has increased multifold. The industry has now evolved into a digital-first and real-time ecosystem with multi-channel customer journeys, stringent regulatory intensity, […]
Mela Ventures invests in iTuring.ai, an enterprise-grade AI/ML platform
Bengaluru, India: iTuring.ai, previously branded as CyborgIntell, an enterprise-grade AI/ML platform for the Banking, Financial Services & Insurance (BFSI) sector, has raised $5 million in Series A funding led by Mela Ventures and Dallas Venture Capital (DVC). The investment will accelerate the rollout of iTuring.ai’s proprietary, zero-code platform, which enables banks and insurers to automate […]