About the customer
Industry:Fintech, BFSI
When a fintech providing financial data, business information and analytics services needed a more efficient way for users to extract insights from complex financial statements, Cloud Kinetics stepped in with an AI solution on AWS.
The company focuses on building transparency and trust in the financial sector through clear, reliable financial insights. Offering services across the board from data to intelligence, it had become a trusted enabler of informed decision-making in the market. But now, the team felt that their processes – which had historically relied on a lot of manual repetitive touchpoints – unless automated, would limit scalability for the business. An AI agent could be the answer to this limitation to scalability and would usher in the transformation they were seeking.
Challenge
Complexity and manual process get in the way of growth
The team needed a more efficient way for users to extract insights from complex financial statements. This would also enable them to scale more quickly.
Some of the key challenges they were up against:
Users had to manually parse long financial reports
Key trends and insights were time-consuming to identify
Company/vendor comparisons required repetitive analysis
Growing usage needed a scalable and reliable solution
Solution
AI Agent on AWS automates financial analysis & insight discovery
Cloud Kinetics proposed a GenAI-powered financial assistant on AWS to automate financial insight discovery. This solution would help build in the speed and intelligence needed to serve users in an easy-to-use interface.
Key features of the Gen AI-based solution recommended by Cloud Kinetics:
- Retrieves information from financial statements
- Summarizes financial data and identifies trends
- Explains and interprets financial figures
- Compares and analyses different vendors
- Suggests company matches when user input is vague
Success Metrics
Multilingual AI agent shows 86% response accuracy
By handling complex financial analysis with higher accuracy, the AI agent provides sharper answers while creating a smoother, more intuitive experience for users.
86% response accuracy on test datasets
Supports multiple languages
Returns top 5 company matches for vague names
Retrieves and explains financial statement data
The GenAI financial agent opens up the possibility of more avenues for automation and the use of AI to drive efficiency and allow faster scalability as the company seeks to service its customer base better even as it grows.
