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      REPORT
      VIDEO
      First Investment Bank: Breakthrough with an LLM Virtual Assistant
      Winner of Celent Model Bank 2024 Award for Generative AI Application
      21st March 2024
      //First Investment Bank: Breakthrough with an LLM Virtual Assistant

      Superior customer engagement and smooth customer journeys have become paramount in winning retail banking market share. Prior to Gen AI, banks were experiencing diminishing returns leveraging current technology. Gen AI has changed the game, opening up opportunity to realize step change and increasing returns. Fibank has seized the opportunity Gen AI presents to differentiate itself through more effective customer engagement via IVAs. It also recognized that it could turbo-charge its bankers.

      Author
      Alenka Grealish
      Alenka Grealish
      Research & Advisory
      Alenka Grealish
      Details
      Geographic Focus
      Asia-Pacific, EMEA, LATAM, North America
      Horizontal Topics
      Artificial Intelligence, Artificial Intelligence - Generative AI e.g. ChatGPT
      Industry
      Retail Banking