Digital Transformation
Latest news, explainers and analysis on Digital Transformation. Tracking 10 stories on Arth Vani.
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Latest on Digital Transformation
London-based Hyperlayer Raises £19.5 Million to Modernise Banking Systems
Fintech startup Hyperlayer, founded by former Morgan Stanley executives, has secured £19.5 million (approximately ₹205 crore) in funding. This investment values the London-based company at £195 million, as it aims to help banks update their technology without needing to replace their entire core systems.
Global Banks Shift AI Strategy: Building In-House Solutions Over Buying
Banks worldwide are increasingly choosing to develop artificial intelligence (AI) solutions internally or through co-building partnerships, rather than solely relying on external vendors. This marks a strategic shift in how financial institutions approach technological innovation and leverage AI capabilities.
Deutsche Bank Private Bank Deploys AI to Speed Client Onboarding by 30%
Deutsche Bank's Private Bank division in Singapore and Hong Kong has implemented new AI technology to verify clients' sources of wealth. This move aims to significantly streamline the Know Your Customer (KYC) process, with the bank anticipating a 30% improvement in client onboarding efficiency.
Ant International Unveils AI Stack for Global Business Operations
China's Ant International has launched a comprehensive suite of AI-native products designed to enhance payment, account, foreign exchange, treasury, and growth operations for businesses worldwide. This new financial AI stack aims to bring advanced artificial intelligence capabilities to global commercial activities.
ArcelorMittal Deepens Partnership With Microsoft Azure for Cloud Services
Global steel and mining giant ArcelorMittal has expanded its collaboration with Microsoft, leveraging the Azure cloud platform. This partnership aims to enhance the company's operational efficiency and digital transformation initiatives using advanced cloud technologies.
Canadian Bank CIBC Launches AI Platform to Free Advisors from Admin Work
Canadian bank CIBC has introduced an AI-powered platform designed to automate administrative tasks for its financial advisors. This initiative aims to allow advisors to dedicate more time to client interactions and offer more personalized financial guidance. The move highlights a growing global trend in financial services to leverage artificial intelligence for operational efficiency and improved client engagement.
OpenAI Reduces Prices on Smaller AI Models, Boosting Accessibility for Indian Businesses
OpenAI has lowered the cost of using its smaller artificial intelligence models, a move that could significantly benefit businesses and developers in India. This adjustment comes as companies worldwide are scrutinizing their AI investments, potentially making AI adoption more affordable.
New LaunchPlutus to Launch AI Platform for Life & Annuity Insurers on July 30, 2026, Boosting Operations
Plutus, an insurance AI company, is set to launch a new 'Agentic Platform' on July 30, 2026, designed to streamline operations for life and annuity insurance providers. Built within ServiceNow, this platform will introduce six AI-powered solutions aimed at enhancing transaction processing and overall service quality for carriers.
BreakingBank of America Uses Generative AI to Speed Up Customer Service for 18,000 Employees
Bank of America has integrated generative AI into its customer service platform, EricaAssist, to instantly provide client insights to 18,000 call centre employees. This move aims to enhance the efficiency and quality of customer interactions, setting a precedent for global banking customer service.
AI Reshaping Banking: Build vs. Buy Decisions for Indian Banks
Artificial intelligence is fundamentally altering how banks approach technology development, influencing whether they build solutions in-house or acquire them from external vendors. This shift has significant implications for efficiency, cost, and innovation within the Indian banking sector.
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