Data intelligence specialist Bud has revealed further details about its new personal generative chat interface ‘Jas’, including how banks and financial institutions can use it to increase financial literacy.
According to Bud, the AI assistant which is powered by Bud.ai’s AI core, “helps both financial institution employees and consumers to make sense of financial data through conversation”.
Bud announced the launch of Jas back in August this year, at the same time as it unveiled Bud.ai, its generative AI core platform.
Bud has released a factsheet describing its new chatbot capability Jas, in which it states that banks and financial institutions “struggle to create effective chatbots due to transaction AI complexity, enterprise readiness, model safety, cost and latency”.
“Jas addresses these challenges by offering a reliable and compliant solution specialised in working with financial data that can be readily integrated into financial infrastructure. It combines deep financial insights with trust and safety, meeting the needs of financial institutions,” according to Bud’s factsheet.
Jas is able to ensure compliance by avoiding discussions outside of financial topics and is also “enterprise-ready”.
At the time of the launch in August, Ed Maslaveckas, founder and chief executive officer of Bud, said: “Since 2018, Bud has been diligently developing foundational language models that leverage bank data.
“These years of tireless product and technical work have brought us to this point, where we can deliver reliable, secure and personalized generative Al capabilities to our financial services customers, without compromising on data ethics.”
At Open Banking Expo UK and Europe on 18 October, Ed Maslaveckas will be showcasing how Bud is helping banks and fintechs accelerate innovation with AI and Open Banking, while Bud’s co-founder and chief operating officer George Dunning is taking part in a Fireside Chat with TransUnion. Find out more about the agenda and register to attend.
