Banca Widiba and iGenius partner to transform financial services with Generative AI for business intelligence

Digital Reinvention
18/10/2024 News

Banca Widiba, the digital financial advisory bank of the Montepaschi Group, has taken another step toward innovation by partnering with iGenius, an Italian leader in generative AI for Business Intelligence (BI). The collaboration is aimed at enhancing Widiba’s BI solutions by incorporating cutting-edge AI technologies to simplify data access and improve decision-making processes for financial advisors.

Digital Reinvention
03/09/2024 Study

AI at work: Turning AI potential into results

iGenius offers a platform that uses natural language processing, providing users with a customized, professional experience tailored to their specific needs. The platform automates various functions, streamlining the analysis process and helping advisors access data quickly and efficiently.

Through this partnership, Banca Widiba will equip its network of over 500 financial advisors with a powerful tool designed to enhance their ability to manage client portfolios, generate real-time reports and visualizations, and predict future trends based on historical data. The goal is to improve the client experience by offering more personalized and efficient financial advice.

The AI-driven platform developed by iGenius uses a Small & Wide Language Model based on the Italian language, ensuring full control and certification of data in compliance with privacy regulations.

Marco Marazia, General Manager of Banca Widiba, emphasized the bank’s commitment to innovation, stating, "This partnership with iGenius represents a new phase for Widiba, combining the expertise of our advisors with the power of generative AI to deliver an exceptional service to clients."

Uljan Sharka, CEO of iGenius, expressed excitement about the collaboration, highlighting the shared vision of leveraging AI to elevate client experiences and enhance the decision-making capabilities of financial advisors.


Learn more about Widiba's achievements in remote banking

Related news & insights

Digital Reinvention
18/10/2024 News

FCA launches AI Lab to foster innovation in UK financial markets

The AI Lab serves as a hub for collaboration between firms, industry experts, regulators, and other stakeholders, offering insights into...

Digital Reinvention
17/10/2024 News

Klarna now available as a payment option with Apple Pay in-app and online

Users of iPhone and iPad running iOS 18 and iPadOS 18 or later can choose Klarna’s payment options when shopping...

Digital Reinvention
16/10/2024 Article

Redefining competition: The role of generative AI in the banking sector

Redefining competition: The role of generative AI in the banking sector

Digital Reinvention
15/10/2024 Interview

Neobanks and the next step: Salmon

In January 2024, fintech Salmon secured regulatory approval to become a licensed bank in the Philippines. Pavel Fedorov, Co-Founder of...

ESG
11/10/2024 Interview

NewTech Friday: comundo – Managing your carbon emissions easily

Alexander Tolstrup is the Chief Strategy Officer and Co-Founder of comundo, a Danish startup revolutionizing energy data collection in the...

10/10/2024 Article

John Berry, CEO of Qorus, to speak at the 40th ABA General Meeting and Conference in Taipei

John Berry will speak on the morning of Tuesday, November 19, during Plenary Session 4.

Digital Reinvention
08/10/2024 Study

Innovation Radar: Banking Innovation Awards winners 2024

This year, we received over 390 innovations from 177 financial institutions across 57 countries, truly showcasing innovation in the banking...

Digital Reinvention
08/10/2024 Article

Qorus and Infosys Finacle announce winners of 2024 Banking Innovation Awards

Qorus, a global association for retail financial institutions, and Infosys Finacle today announced the winners of the eleventh annual Qorus-Infosys...