back Back

Commencis launches new Turkish LLM for banking & financial services

By Gloria Methri

June 12, 2024

  • Commencis LLM
  • Digital Transformation
  • Financial LLM

Commencis, Commencis LLM, Large Language Model, Data Analysis, FinTech, TurkeyCommencis, a specialist in digital transformation technology, has introduced Commencis LLM, a Turkish-specific large language model (LLM) developed for banking and financial services. Trained with customized data sets tailored to meet the specific needs of these sectors, the model is designed to automate customer service, generate content, and analyse data for users and customers alike.

Commencis LLM can improve user experience in critical functions such as live support and data analysis. The model’s versatility allows it to be customized and adapted across other sectors, including aviation, insurance, and telecommunications, as well as banking and finance.

The Language Model comes with an on-prem installation option, allowing companies to use Commencis LLM with full security within their infrastructure.

Commencis LLM is the product of extensive research, data production, and training activities on language models such as Llama 2, Mistral, Zephyr, and OpenChat 3.5.

Firat Isbecer, Co-founder and CEO of Commencis said, “With over 20 years of experience in the industry, we have collaborated with leading banks and financial services providers to create some outstanding digital success stories. CommencesLLM is designed to bring its depth of understanding and interaction capabilities to bear on providing a better customer experience and increasing the speed of problem-solving in financial services. This will help both reduce costs and improve the quality of current digital services offerings at banks. Looking ahead, our focus will be on helping our clients increase customer loyalty and on providing them with a competitive advantage through hyper-personalization and rapid response technologies.”

Commencis provides the latest technologies in digital banking products, payment, identity verification, and end-to-end customer experience solutions in the financial services industry. Artificial intelligence will enable companies to understand customer behaviours better, offer more personalized services, further automate transaction processes, and enhance security measures.

Previous Article

June 12, 2024

Omnipresent taps Mangopay to power new global employment product

Read More
Next Article

June 12, 2024

5 RegTechs enhancing compliance for India’s BFSI sector

Read More

IBSi Daily News Analysis


July 19, 2024

Commencis LLM

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


PayDo partners with ClearBank for automated currency conversion

Read More


QIB adds Request to Pay to Fawran instant payment service

Read More


UAE SMEs identified accepting contactless payments as a critical investment area to meet consumer expectations, study shows

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024