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AI-Driven Virtual Assistant from Kasisto Powers India's First Mobile-Only BankNEW YORK, April 26, 2016 /PRNewswire/ -- Kasisto, a startup that aims to transform the consumer banking experience with artificial intelligence, announced today that its KAI platform is powering the virtual assistant in digibank, a new mobile-only bank launched in India. Additionally, digibank creator DBS Bank has taken a minority stake in Kasisto. The Kasisto investment and digibank launch are both part of the DBS mission to shape the future of banking. Kasisto, which spun out of SRI in 2014, is powering a new generation of banking services that are mobile and accessible in ways people communicate each day. Its conversational AI platform powers customizable virtual assistants that enable banks to engage with their customers. digibank – which speaks to what Infosys co-founder and futurist Nandan Nilekani calls the "WhatsApp moment in banking " – was officially unveiled in India today. It breaks new ground, being a completely paperless, signatureless and branchless experience. Significantly, digibank customers can open an account quickly and effortlessly using just their Aadhaar, a biometrics-enabled ID, at any of DBS' partner network of cafes across India. With deep financial knowledge, including dozens of banking intents and millions of banking sentences, the KAI virtual assistants in digibank can anticipate and answer thousands of customer questions. It can also help customers perform banking transactions in real-time. This is like having a banking specialist at one's beck and call. Kasisto's agile, modern platform and tools eased the time to develop, pilot and deploy digibank's cutting edge, AI-driven features. Said DBS CEO Piyush Gupta, "With the advent of technology, banking as we know it is being completely transformed. digibank places an entire bank in our customers' hands, freeing up their valuable time, and allwing them to 'Live More, Bank Less.' For DBS, digibank is also a potential gamechanger, enabling us to go beyond the confines of a brick and mortar network to extend our reach in huge geographies like India. As a leading bank in Asia, DBS believes in shaping the future of banking. With Kasisto's conversational AI platform, we are embracing technologies that can make banking more interactive and intuitive for customers." "DBS is at the forefront of innovation in banking and a great example of the kind of massive change that is transforming the face of consumer banking," said Zor Gorelov, CEO and co-founder of Kasisto. "It's exciting to work with them on services designed for a new generation of banking consumers who think differently about money and expect a very different set of capabilities from their banks." About Kasisto About DBS
Photo - http://photos.prnewswire.com/prnh/20160425/359824 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ai-driven-virtual-assistant-from-kasisto-powers-indias-first-mobile-only-bank-300257369.html SOURCE Kasisto, Inc. |