As Gen AI reshapes the banking , financial services and insurance sector , OpenText and TCS are helping firms unlock its transformative potential
OPENTEXT & TCS
As Gen AI reshapes the banking , financial services and insurance sector , OpenText and TCS are helping firms unlock its transformative potential
The banking , financial services and insurance ( BFSI ) sector is in the midst of a technological revolution , with artificial intelligence ( AI ) offering the potential to reshape operations , customer experiences and business models .
At the forefront of the industry ’ s transformation are OpenText , a US $ 6bn software company specialising in information management , and Tata Consultancy Services ( TCS ), a global IT services leader with over 600,000 consultants worldwide . Built on decades of collaboration , the partnership between the two companies aims to unlock the full potential of generative AI ( Gen AI ) and other advanced technologies for BFSI firms . But what exactly does this AI-driven future look like for banks , insurers and other financial institutions ? And how are OpenText and TCS working together to turn AI ambitions into practical , value-generating solutions ?
How AI is transforming the world of finance While Gen AI has sparked renewed interest in the potential of artificial intelligence , analytics has been mainstream in the BFSI sector for some time and will continue to play a crucial role . fintechmagazine . com 99