Kasisto Launches Industry's First Intelligent Virtual Assistant for Business Banks at Money 20/20 USA

LAS VEGAS, Oct. 28, 2019 /PRNewswire/ -- Money 20/20 USA -- Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, announced today at Money 20/20 USA the launch of KAI Business Banking (KBB). With KBB, corporate and business banks of all sizes are able to deliver new levels of productivity and automation to their clients, through the use of Conversational AI. 

Corporate treasurers and their finance teams deal with the continually changing nature of the businesses they serve and the finances they're tasked to manage. Cash positions are changing hourly, payments are flowing domestically and internationally, approvals need to be made in a timely manner, and reports need to be reconciled across business units, subsidiaries, and counterparties.

Conversational AI has created an important opportunity to help corporate finance teams manage these dynamic and complicated tasks by using intelligent virtual assistants to directly assist these banking functions, and automate tasks that historically have reduced productivity while distracting cash and treasury management staff from focusing on more valuable financing tasks for their companies.

Designed with some of the industry's leading financial institutions, the KBB intelligent virtual assistant enables corporate customers to easily access information like payment activities, account balances, cash exposures, and automate routine tasks such as reporting, reviews, approvals, and reconciliations. As a result, corporate finance teams are now more productive, and are freed up to focus on managing their business finance needs while also realizing reduced operating costs.

During a fireside chat at Money 20/20 Kasisto's CEO, Zor Gorelov, and Tammy Petro, J.P. Morgan's executive director of wholesale payments innovation, will join a panel moderated by James McCaffrey, senior director of Microsoft Research, and explore the reality of Conversational AI and virtual assistants and how they are changing the business banking experience by delivering consumer-like experiences to corporate clients that drive deeper customer engagements, stronger customer satisfaction, and significantly reduce operating costs.

Kasisto's KAI Business Banking virtual assistant provides users immediate access to information, services and products through human-like, intelligent conversations, 24 hours a day.

KAI Business Banking helps clients to achieve:

• Automated reporting, reviews, and approvals in a conversational-like manner by using an intelligent virtual assistant
• Reduced potential treasury management related exposures by surfacing important corporate finance insights and time-sensitive tasks
• A future-proof digital experience platform that is extensible and designed to quickly support emerging corporate finance needs

"We collaborated extensively with teams from some of the largest business banks in the world as we built out the industry's leading virtual assistant for business banking. KBB is the first operational virtual assistant in the market that is designed around the business banking function and offers an impressive customer experience," said Zor Gorelov, CEO of Kasisto. "Designed for both large corporate, and small and medium-sized customers, KBB has been trained to directly assist the corporate treasurer and their finance departments with critical daily functions such as payables, receivables, reporting, and analysis. We are absolutely excited to offer this experience to the business banking market and are so proud to see KAI's portfolio of virtual assistants and associated customers expanding at such a rapid pace."

For those attending Money 20/20, you can visit Kasisto's booth, #4827, to experience firsthand how Kasisto can help your bank, fintech, or financial institution deliver human-like digital conversations. For anyone not attending, you can visit us at kasisto.com/contact to start a conversation.

About Kasisto

KAI is the leading digital experience platform for the financial services industry. Kasisto's customers include DBS Bank, J.P. Morgan, Mastercard, Standard Chartered, TD Bank, and Manulife Bank among others. They chose KAI for its proven track record to drive business results while improving customer experiences. The platform is engaging with millions of consumers around the world, all the time, across multiple channels, in different languages, and is optimized for performance, scalability, security, and compliance. KAI is built with the deepest Conversational AI portfolio in the industry. Kasisto is headquartered in New York City, with offices in Silicon Valley and Singapore. Kasisto Singapore Pte Ltd is a wholly-owned subsidiary of Kasisto. For more information visit kasisto.com. Follow Kasisto on Twitter, LinkedIn and Facebook.

CONTACT: [email protected]

SOURCE Kasisto, Inc.

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