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Dubai Marks the Global Launch of Dyna.Ai, a Singaporean Startup

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Dyna.Ai announced its worldwide launch at the Dubai Fintech Summit. In order to better serve its wide range of clients—which include traditional banks, digital banks, fintechs, insurance companies, and other businesses—Dyna.Ai has expanded its operations throughout Asia, the Middle East, the Americas, Europe, and Africa.

Dyna.Ai is currently setting up offices in the Kingdom of Saudi Arabia, Nigeria, and the United Arab Emirates in the Middle East and Africa.

Additionally, Dyna.Ai disclosed its applications for a variety of industries. Dyna.AI, a leading AI company, improves critical business operations in the financial and other sectors. Enhancing marketing, customer acquisition, risk management, and operational productivity are all made possible by its solutions.

Dyna.Ai presented its enterprise-level generative AI models with retrieval-augmented generation, sophisticated customization, intensive data curation, and improved performance at its global launch. Two solutions are part of the AI platform: Dyna Avatar is used for digital human interactions, and Dyna Athena is used for text-to-speech, language, and speech processing. For banks, fintech, and other businesses, both solutions provide task-specific, LLM-powered solutions that improve natural language interactions and make conversations more realistic and interesting.

Real-time digital human interactions are made possible by Dyna Avatar, which offers conversational AI-powered dynamic experiences and automated speech recognition. With upcoming updates, Dyna Avatar, which presently supports English, Arabic, Chinese, Japanese, and Thai, is set to expand its language support even further, improving digital life and influencing the direction of intelligent interaction.

“Our goal at Dyna.Ai is straightforward: enhance life, empower work. The global financial services industry is at a turning point where businesses must quickly adjust to the disruption caused by AI that is taking place in front of them. Business leaders want solutions that give them access to cutting-edge technology so they can stay ahead of the competition in this quickly changing ecosystem, according to Mr. Tomas Skoumal, Chairman of Dyna.Ai.

Dedicated to research and development, Dyna.Ai employs more than half of its workforce for this purpose. The company is constantly hiring people throughout the world to support its ambitious growth plans, including specialists in marketing, technology, and customer success.

Additionally, Dyna.Ai demonstrated its powerful system products, such as the Business Core System and Smart Decision Platform, which combine APIs, centralize data storage, and simplify processes. Another cutting-edge solution that promotes omnichannel mobility and complete digitalization is the Digital Banking System, which enables quick user engagement and growth in transaction volume.

“From the Dubai Fintech Summit, we are excited to launch our global expansion.” A distinctive and cutting-edge RaaS (Result as a Service) business model is by Dyna.Ai, which also offers expert AI solutions in the financial sector. According to Mr. Tomas Skoumal, Dyna Ai’s services can help banks, insurance, wealth management, and fintech companies achieve business outcomes. The company also supports pay-for-performance.

The global management team at Dyna Ai is composed of highly qualified professionals with solid core competencies. These important individuals hold advanced degrees in computer science, AI/ML, statistics, and neuroscience and come from prestigious companies like Standard Chartered Bank, Citibank, JP Morgan Chase, FICO, and digital banking. This multicultural team provides successful application solutions for numerous clients by bringing broad experience in financial services, data analysis, artificial intelligence, software engineering, and business consulting.

Dyna.Ai is able to fulfill the local financial service requirements of different countries while combining the world’s most advanced AI technology by offering local services and operational capabilities in multiple regions.

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Coforge and Microsoft Establish Copilot Innovation Hub to hasten the Deployment of Generative AI

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Global supplier of digital services and solutions Coforge Limited recently announced a partnership with Microsoft to launch the Coforge Copilot Innovation Hub. In addition to working closely with Microsoft to integrate these solutions with Microsoft’s generative AI products and technologies, such as Microsoft Azure OpenAI Service, Microsoft Power Platform, and Microsoft Copilot, the Hub will concentrate on building a pipeline of new, industry-specific cognitive analytics solutions.

Coforge announced the launch of two new copilots as part of the Copilot Innovation Hub: Underwriter Copilot for insurance companies and Advisor Copilot for financial services firms. An innovative technique to improve ROI and streamline the process of navigating the complexity of underwriting, the Underwriter Copilot for Insurance gives insurance underwriters more authority and the ability to make informed decisions. The goal of the solution is to increase carriers’ combined ratios by two to three percent in order to open up new income streams. Insurance carriers can achieve a 30- to 35 percent boost in underwriter productivity and efficiency by implementing Underwriter Copilot.

By removing the need for time-consuming searches across several tools, documents, and data sources, the Coforge Advisor Copilot solution gives financial quick access to full fund information and performance data through an intuitive interface. Financial advisers and asset managers should become more productive by more than thirty percent thanks to the solution.

According to Sudhir Singh, Executive Director & CEO of Coforge, “Coforge is leveraging its deep industry strengths and customer partnerships to build industry specific generative AI solutions on the Microsoft platform to drive transformation and enhance productivity.” Our efforts to provide our clients with generative AI solutions that lead the market will go even faster thanks to our partnership with Microsoft. He went on, “We are announcing two new copilots today: Advisor Copilot for financial services businesses and Underwriter Copilot for insurance carriers.

“Our combined commitment to transforming and scaling organizational capabilities of financial services firms globally is demonstrated by the Coforge Copilot Innovation Hub. The 2024 Work Trend Index Annual Report states that 75% of individuals utilize AI at work, and that the use of generative AI has nearly doubled in the last six months. According to David Smith, Vice President, WW Channel Sales, Microsoft, “Coforge and Microsoft are dedicated to spearheading AI adoption, fostering innovation, and unleashing business value for businesses worldwide.”

Through the automation of manual chores, the improvement of decision-making through the creation of suggestions based on corporate data, and the streamlining and optimization of business processes, these copilots will increase operational efficiency by utilizing Microsoft’s generative AI products and technologies. These solutions will help businesses generate new value streams and speed up change.

Microsoft’s generative AI products will be easier to implement with the Coforge Copilot Innovation Hub, leading to increased productivity and better business results.

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Samsung Appoints New Leader for Chip Unit as AI Competition Intensifies

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As the race to build artificial intelligence processors heats up, Samsung Electronics has replaced the leader of its semiconductor division.

In an unexpected announcement made by the business on Tuesday, Vice Chairman Jun Young-hyun has been named head of Samsung’s device solutions division. The company’s foundry, memory, and system semiconductor divisions are managed under the device solutions division.

“Vice Chairman Jun Young-hyun is the key player who took Samsung Electronics’ memory semiconductor and battery businesses to the global top-tier level,” the company stated in a news release.

Samsung is making this announcement as it battles to overtake its regional rival SK Hynix in the market for AI memory chips. When it comes to high-bandwidth memory (HBM) chips, which are essential for AI computing, SK Hynix is in the lead.

According to Samsung, if the board and shareholders approve, Jun may also be named as the company’s chief executive. Samsung has two chief executive officers: one leads the company’s semiconductor division, while the other oversees its mobile and visual display businesses.

Before taking on the role of chief executive of Samsung SDI, the company’s battery division, Jun led Samsung’s memory chip business team for three years, from 2014 to 2017. In 2000, he made his debut as a member of Samsung’s memory chip business team.

Kyung Kye-hyun, who oversaw the semiconductor branch since2022, is replaced by Jun. During the memory chip market collapse, the division under his direction reported billion-dollar losses. The 61-year-old Kyung has been posting lengthy and in-depth posts on social media platforms like LinkedIn and Instagram about subjects including technology and climate change.

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Kudos Secures $10.2 Million for Its AI-Powered Smart Wallet

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The Four Cities Fund, Samsung Next, SV Angel, Precursor Ventures, The Mini Fund, Newtype Ventures, Patron, and The Points Guy creator Brian Kelly all participated in the funding round.

Kudos, an app and browser extension, was founded in 2001 by a group with prior expertise at Google, PayPal, and Affirm. It functions as a smart wallet assistant by suggesting or choosing the best credit card for customers to use when making payments in order to optimize rewards and cash back.

Recently, the company introduced a number of new features: Dream Wallet, which suggests cards to members based on their spending patterns; MariaGPT, an AI-powered card discovery tool with over 3000 cards in its database; and Kudos Boost, which offers personalized rewards across over 15,000 partner brands, such as Walmart and Sephora.

Since its initial fundraising round, Kudos has raised its annualized checkout Gross Merchandise Value to $200 million and expanded to over 200,000 registered users.

It intends to use the additional funds to develop MariaGPT into a comprehensive personal finance assistant, introduce an AI-powered hub offering expenditure optimization insights, and create a gateway that lets users book flights using points.

As consumers budgets, various credit cards, and sometimes complex rewards programs, they want to know they’re receiving the best value for their money, according to Tikue Anazodo, CEO of Kudos. With just one user-friendly app and extension, Kudos streamlines everything.”

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