iBind Systems, Google Cloud Collaborate To Streamline Corporate Banking With AI

Fintech startup offering onboarding solutions in corporate banking, iBind Systems, is collaborating with Google Cloud to integrate iBind’s corporate banking SaaS product with Google Cloud’s infrastructure and advanced generative artificial intelligence technologies.

The collaboration seeks to streamline banks and financial institutions’ onboarding experience for their corporate customers by leveraging large language models to extract new financial insights and accelerate data summarisation.

iBind Systems said it is building a suite of solutions that streamline onboarding, customer due diligence, and risk assessment for corporate banking by leveraging Web3 and AI solutions.

iBind Systems' collaboration with Google Cloud will focus on the following objectives:

Streamlining Corporate Onboarding: iBind Systems has introduced the Entity Digital Locker within its Corporate Identity Platform, which includes corporate onboarding solutions such as KYC, AML, entitlement management, credit assessment and digital signatures. The corporate onboarding solution provides a secure, user-centric data-sharing system that streamlines the access to financial services.

Enhancing Risk Assessment And Client Management With AI: iBind Systems’ AI-powered risk assessment platform generates comprehensive risk profiles for corporations. The company also acts as a virtual relationship manager with AI assistance. The partnership will leverage Google Cloud technologies and explore the development of specialized LLMs tailored for financial analysis. These models will aim to enable institutions to conduct analyses of financial disclosures, AML screening, enhancing risk and credit assessments with insights with AI agents.

Cloud Partner For Innovation: With the Google Cloud collaboration, iBind Systems will seek to innovate in secure fintech products and build a robust corporate banking infrastructure, supported by Google Cloud's high-performance GPUs for training and serving complex data models.

“By integrating our fintech solutions with Google Cloud’s advanced AI capabilities, we are setting a new standard in how financial data is processed and utilised, making financial operations faster, more accurate and secure,” said Santu Maity, co-founder of iBind Systems.

“We are happy to work with iBind to empower banks and financial institutions with tools that are not only powerful but also intuitive and transformative. This collaboration represents a forward-thinking approach to financial technology,” said Subram Natarajan, director of customer engineering at Google Cloud India.

-With inputs from PTI.