XYB partners with Google Cloud to integrate generative AI and machine learning tools into its banking platform, aiming to reduce human intervention and operational costs while creating innovative financial products.

Facts

• XYB has collaborated with Google Cloud to incorporate generative AI and machine learning tools into its coreless banking platform.
• The integration targets XYB’s users, including banks, non-banks, and fintechs, enabling them to develop innovative and compliant financial products.
• Generative AI assists operations teams in data investigations, and natural language tools connect risk users to identify, amend, and create risk policies.
• XYB’s sandbox provides additional support for these initiatives.
• The partnership aims to decrease human intervention and operational costs in the creation of hyper-personalized financial products.
• XYB was launched by Monese and supports 172 possible services with microservices architecture and eight foundational engines.
• XYB CEO Atul Choudrie anticipates unprecedented advantages from the partnership, while CTO Jonas Kiiver emphasizes breaking barriers in building banks.
• Rodrigo Rocha, director of global partnerships at Google Cloud, foresees a positive impact on enhancing customer experiences with generative AI for financial institutions.