PwC partners with for new banking products

Financial giant cites increasing demand for AI-powered solutions from customers

Chuck Martin, Editorial Director AI & IoT

July 3, 2020

1 Min Read

Financial giant cites increasing demand for AI-powered solutions from customers

California-based has signed a joint business relationship agreement with PwC to develop and provide unique products to the banking industry.

As part of the deal, PwC gains access to the platform and the range of products and solutions the company markets to its banking customers around the world.

The platform provides conversational AI assistants and products for fraud detection and monitoring, third-party risk assessment and monitoring, and trade finance sanctions screening in the US, Europe, and India.

Making friends

The platform combines consumer experience sensing, insights generated from data, and AI-powered automation.

"PwC's partnership with evolved at a rapid pace, fueled by an increasing demand for AI-powered solutions from our customers,” said Liviu Chirita, partner and joint business relationship lead at PwC. “With our partners, we have an agile and agnostic approach to building such solutions, characterized by our ambition to create an asset-based consulting experience that is expertise-driven and technology-enabled.”

The initial focus of the venture will be on regulatory compliance.

“In regulatory compliance, we focus on increasing risk coverage and productivity while decreasing the cost of compliance," Chirita said.

"This collaboration is uniquely positioned to help our financial services clients tap into the consulting and subject matter expertise of PwC and technology depth and problem-solving abilities of,” added Mariya George,'s president and co-founder.

In May, acquired India-based startup, which specializes in conversational tech, credit risk analytics and AI consulting, to further its efforts to sell artificial intelligence to banks.

About the Author(s)

Chuck Martin

Editorial Director AI & IoT

Chuck Martin, a New York Times Business Bestselling author, futurist and columnist, is Editorial Director at Informa Tech, home of AI Business, IoT World Today and Enter Quantum. Martin has been a leader in emerging digital technologies for more than two decades. He is considered one of the foremost Internet of Things (IoT) experts in the world and his latest book is titled "Digital Transformation 3.0" (The New Business-to-Consumer Connections of The Internet of Things).  He hosts a worldwide podcast titled “The Voices of the Internet of Things with Chuck Martin,” where he converses with top executives from the companies driving the Internet of Things.

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