Business

Wipro shares in news as firm teams up with the world’s most valuable company for AI virtual assistants

Shares of IT major Wipro are in the news today after the firm said it has teamed up with the world’s most valuable company Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI). These assistants such as Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination, plan to revolutionise how financial professionals operate. Shares of Wipro were trading on a flat note at Rs 461.85 on BSE. The market cap of Wipro climbed to Rs 2.41 lakh crore on BSE. A total of 9190 shares of the firm changed hands amounting to a turnover of Rs 42.37 lakh on BSE.

Wipro shares have gained 21.52% in a year but fallen 3.38% this year.

In terms of technicals, the relative strength index (RSI) of Wipro stands at 39.3, signaling the stock is neither oversold nor overbought. The IT stock is trading higher than the 5-day, 10-day, 150-day, 200 days but lower than the 20-day, 50-day, 100-day moving averages.

Using cutting-edge GenAI technology, these assistants will furnish financial experts with in-depth market insights and timely updates on investment options and customer behavior. They’ll also streamline the investor onboarding and loan origination processes by slashing document validation times and offering helpful responses to investor queries. What sets these cognitive assistants apart is their integration with existing digital platforms, ensuring a smooth experience for both financial professionals and their clients.

Suzanne Dann, CEO of the Americas 2 Strategic Market Unit at Wipro Limited, highlighted the potential for exceptional client experiences and increased productivity in the financial sector.

“This new solution set, powered by Microsoft, will help provide better and faster market and product intelligence to financial advisors and banking professionals, enabling them to deliver more personalized and timely service to clients. These solutions will also reduce the multiple—often repetitive—steps needed to onboard new investors or originate loans, cutting down the time spent on paperwork. We look forward to deepening our collaboration with Microsoft in this sector and continuing to deliver cutting-edge solutions to our financial services clients,” said Dann.

The article originally appeared on Business Today.

You May Also Like

World

A leader of Kataib Hezbollah and two of his guards were in a vehicle when it was targeted in the east of the Iraqi...

World

Pakistan will discuss an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) in Washington next month, Finance Minister Muhammad Aurangzeb said on...

Business

New York CNN — Apple has received approval to change the way its smartwatches function so the company can overcome the Apple Watch ban imposed by...

Finance

NEW YORK – Gold prices saw a marginal increase today, with spot gold trading at $2,030.87 per ounce. The uptick in the precious metal’s value coincided...

Copyright © 2024 prwireonline

Exit mobile version