India currently has 190 Mn underbanked population. Which is equivalent to the population of France, Germany and to an extent United Kingdom, combined! This highlights the need for Innovation in the BFSI domain as an important aspect for the growth of Banking sector. and As fraud threats become more sophisticated and customer expectations skyrocket, AI and data science are shaping the future of financial institutions. In this exciting landscape, Intelekt AI’s recent selection for the prestigious SBI Innovation Hub marks a pivotal moment, one that opens doors to drive impactful change in the industry.

What Is the SBI Innovation Hub?

SBI Innovation Hub provides a dedicated space for fintechs, startups, and innovators worldwide to design next-generation financial solutions tailored to meet the digital needs of SBI’s diverse customer base. The initiative is aimed at driving financial innovation and digital transformation as well as advancing financial inclusion. Being selected for this hub positions Intelekt AI at the heart of innovation and allows us to collaborate closely with one of India's largest and most trusted banks of the entire ecosystem. This collaboration can help Intelekt AI leverage its Voice AI expertise to address real-world financial challenges, such as creating inclusion for the larger segment of the underbanked population and build products that enhance customer security, operational efficiency, and personalized banking experiences. Our signature product, Voice AI, helps finches and financial services to reach borrowers and help them in qualifying leads for their lending requirements

How Do We leverage SBI Innovation Hub to Strengthen Trust in BFSI

• Access to a Robust Network: Through the SBI Innovation Hub, Intelekt AI gains unparalleled access to a vast network of banking professionals, financials services, lenders and fintechs to showcase our Voice in AI product for the lending sector. This network can be instrumental in fine-tuning our AI-driven solutions to align with the specific needs and compliance standards of the BFSI sector.

• Validation and Credibility: Association with a major player like SBI lends immense credibility to Intelekt AI's technological solutions and creates validation for the products and services offered by us. In a field where trust is paramount, our collaboration with SBI reassures clients that our innovations are not just cutting-edge but also rigorously tested and trusted by leading financial institutions like State Bank of India.

• Deep Industry Insights: Partnering with SBI allows us to dive deep into the nuances of banking operations. This inside perspective provides opportunities for Intelekt AI to have a better understanding of pain points, helping us develop highly targeted AI solutions for fraud detection, customer engagement, lead qualification and process automation.

Leveraging AI to Build Security and Trust Through SBI Innovation Hub With APIX

In today’s digital landscape, security is a top priority. Financial fraud can have devastating consequences, and banks are turning to AI to stay one step ahead.

Delivering Personalized Customer Experiences

Beyond security, modern customers demand banking experiences that are fast, intuitive, and customized. AI makes this possible through hyper-personalized financial advice and services. Imagine a world where banking apps understand your needs and suggest tailored investment options or provide real-time insights into your financial health. With SBI’s support, Intelekt AI can make these capabilities more accessible to a broader audience.

The Path Forward: Collaboration and Innovation

Being part of the SBI Innovation Hub is more than just an accolade for Intelekt AI; it's a call to action. It assures us the need for companies like Intelekt AI and their advanced solutions catering to BFSI (Banking, Financial Services and Insurance) sector. It’s a chance to collaborate, innovate, and deliver solutions that set new standards in BFSI. We are excited to take our AI capabilities to the next level and contribute meaningfully to transforming how the industry handles risk, data, and customer relationships.

To Conclude

As Intelekt AI embarks on this journey with SBI Innovation Hub, our goal is clear: to combine advanced AI technology with deep industry expertise to build solutions that earn the trust of both banks and their customers. The future of BFSI is here, and we’re thrilled to be a part of it.