Inauguration of the ASEAN Financial Innovation Network (AFIN) at the Singapore Fintech Festival 2018 by Indian Prime Minister Narendra Modi Showcases Active.Ai’s Banking

Source: Markets Insider

SINGAPORE, Nov. 18, 2018 /PRNewswire-PRWeb/ — Active.Ai is proud to be part of the ASEAN Financial Innovation Network (AFIN) that showcases the API Exchange (APIX), an online Global Fintech Marketplace and Sandbox platform for financial institutions. APIX is the world’s first cross-border, open architecture platform to enhance financial inclusion.

The collaboration between Active.Ai and Axis Bank was presented by India’s Prime Minister, Narendra Modi, at the Singapore FinTech Festival 2018. Active.Ai’s Triniti, a Natural Language Processing AI Engine, is now on the APIX marketplace.

Active.Ai’s Triniti is a SAAS platform with powerful combination of cutting-edge AI algorithms, data models focused on BFSI with secure, on-demand, scalable infrastructure on the cloud, powered by AWS. With the open API of APIX, facilitation of innovation and collaborations between Active.Ai and financial institutions is now possible. Active.Ai caters specially for Banks, Securities, Insurance and Payments.

Axis Bank, one of India’s leading private banks, was looking to further enhance its customer experience on fund transfers. This led to the formation of a partnership with Active.Ai, which provided banking AI capabilities on the APIX marketplace. Using the APIX sandbox, the collaboration saw the design of a Unified Payment Interface (UPI) solution to create a smooth, seamless fund transfer experience for their customers through conversation.

Praveen Bhatt, Head – Digital Banking & Customer Experience, Axis Bank, said, “As one of the first mover of the APIX network, Axis Bank’s collaboration with Active.Ai on a conversational interface to add to Axis Bank’s Unified Payments Interface offerings to the marketplace. We hope to boost cross-border reach through potential collaborations with all financial industry participants in ASEAN.”

APIX is a collaborative network of banks, FinTechs and non-banks in which participants can develop common approaches to business, regulatory and technical challenges through an “industry sandbox”. An emphasis is placed on supporting financial inclusion.

Active.Ai is now able to connect with other financial institutions through a global curated marketplace through the APIX network. The adoption of APIs will drive digital transformation and financial inclusion across Asia-Pacific.

Ravishankar, Active.Ai’s Co-Founder and CEO adds “We are thrilled to be part of this incredible platform. AI will be a pivotal role in this network. With Triniti, our natural language processing AI engine, we hope to be able to provide Conversational AI solutions to financial institutions to match their needs and help accelerate their business and product development.”

Read on Markets Insider

42Next By Inc42 — Meet India’s 42 Most Innovative Startups 42Next By Inc42 — Meet India’s 42 Most Innovative Startups
APIX, a Global Marketplace for Cross-Border Fintech Services Officially Hits The Market APIX, a Global Marketplace for Cross-Border Fintech Services Officially Hits The Market
Active.Ai powers HDFC Securities’ win for Conversational Investing Active.Ai powers HDFC Securities’ win for Conversational Investing
“Alexa, ask IndusAssist to do fund transfer” “Alexa, ask IndusAssist to do fund transfer”
Fancy chatting with your bank? Fancy chatting with your bank?
Ravishankar radio interview at the 938now breakfast club with Keith De Souza Ravishankar radio interview at the 938now breakfast club with Keith De Souza
Active.Ai Selects AWS as its Preferred Cloud Provider Active.Ai Selects AWS as its Preferred Cloud Provider
A Platform Approach to “Using AI in Customer Experience” for Banking A Platform Approach to “Using AI in Customer Experience” for Banking
3 startups shaping AI in Southeast Asia 3 startups shaping AI in Southeast Asia
Axis Bank’s Axis Aha! Conversational AI powered by Active.Ai wins the DX Leader Award at 2018 IDC Digital Transformation Awards Axis Bank’s Axis Aha! Conversational AI powered by Active.Ai wins the DX Leader Award at 2018 IDC Digital Transformation Awards
Cognitive collaboration: The emerging role of AI in banking Cognitive collaboration: The emerging role of AI in banking
Forbes India – 6 July 2018 Forbes India – 6 July 2018
Transforming the Business Banking Experience with AI Transforming the Business Banking Experience with AI
Staying Sane and Optimistic amid the AI Ballyhoo! Staying Sane and Optimistic amid the AI Ballyhoo!
Conversation Design and breaking from shackles of App mindset Conversation Design and breaking from shackles of App mindset
Triniti meets Oracle Triniti meets Oracle
Citi GPS Bank Future – March 2018 Citi GPS Bank Future – March 2018
How do we anticipate the future? How do we anticipate the future?
How Chatbots in Financial Services are Evolving with NLP and NLU How Chatbots in Financial Services are Evolving with NLP and NLU
The Best 50 Cities for a Startup in the World The Best 50 Cities for a Startup in the World
Digital Davids vs Financial Goliaths Digital Davids vs Financial Goliaths
Finacleconnect March 2018 Finacleconnect March 2018
CIO India Review – March 2018 Issue CIO India Review – March 2018 Issue
Singapore-based Conversational AI Startup Breaks into US Market with Key Bank Clients Singapore-based Conversational AI Startup Breaks into US Market with Key Bank Clients
Active.Ai raises $8.25 m Series A funding, led by Vertex Ventures Active.Ai raises $8.25 m Series A funding, led by Vertex Ventures
Renaissance era for Banking Renaissance era for Banking
Chat Banking: The Path to Ubiquitous Mobile Banking Chat Banking: The Path to Ubiquitous Mobile Banking
Digital Bank: Why Human Capital strategy matters most Digital Bank: Why Human Capital strategy matters most

Contact Us






Request a Demo