Digital Banking Specialist Adnovum Secures AI Expertise

IT consulting firm Adnovum has joined forces with a Swiss artificial intelligence specialist. The partners want to use the technology of the future to transform the financial sector.

Adnovum and Squirro have embarked upon a strategic partnership, as we learned in a press release on Wednesday. The aim of this cooperation? To use Squirro’s artificial intelligence (AI), natural language processing, and retrieval augmented generation technologies to enhance the digital solutions offered by Adnovum.

Together, the two companies want to launch new offers which will transform the banking and insurance sectors, as they promoted in the press release.

The cooperation will focus on the Swiss and Singapore markets. There, the new AI solutions are intended to go beyond the conventional digital transformation and complement human intelligence. Processes in service management and client engagement are particular focus points.

In recent years, Adnovum has made a name for itself in digitizing the Swiss financial center, and also has a presence in Asia. Squirro was founded in 2012 and is a fast-growing company with teams in Switzerland, the United States, the U.K., and Singapore. Clients of the AI specialist include the European Central Bank and the Bank of England.