22nd Dec 2015 08:50
LONDON (Alliance News) - Technology company Arria NLG PLC on Tuesday revealed a new framework agreement for configuration, deployment and licensing of multiple NLG applications with US-based Genpact, with the move designed to help banks and financial services companies to benefit from automation of processes.
Under the framework agreement, Arria NLG will supply its natural language generation and other artificial intelligence technologies to Genpact.
That will be used to provide real-time advanced data analysis and commentary while automating credit reporting and financial planning and analysis for Genpact's customers.
Customer in the banking and financial services industry will be able to improve their existing automation systems for complex business reporting processes.
"Through this relationship with Genpact, Arria NLG's platform reaches a far wider, global audience than can be achieved through our own direct sales process. Our investment in expanding our development and technical teams to support the projects coming from Genpact is a core part of our 2016 strategy, and we also look forward to partnering together in Genpact's Silicon Valley innovation lab," chairman and chief executive of Arria NLG, said.
"The intelligent automation that Genpact and Arria NLG deliver also eliminates human bias and potential for errors. As a result of dramatically improved speed and efficiency, clients are more effective in responding to new market opportunities, complying with evolving regulatory requirements and competing effectively with new disruptors in their industries," Sanjay Srivastava, senior vice president and chief digital officer at Genpact, said.
Shares in Arria were up 5.3% at 31.18 pence on Tuesday morning.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
NLG.L