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Artificial intelligence banking platform Payjo today said it has launched an AI-powered chat assistant for State Bank of India to addresses customer enquiries.
The chat assistant, known as SBI Intelligent Assistant, or SIA, will help customers with everyday banking tasks just like a bank representative, the company said in a statement.
SIA has been set up to handle nearly 10,000 enquiries per second, or 864 million in a day, which is nearly 25% of the queries processed by Google every day.
With SIA, the bank will reduce significant operational expenditure over time.
Currently, SIA can address enquiries on banking products and services.
It is trained with a large set of knowledge and is adept at answering frequently asked questions as well.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)