XYB & Google Cloud bring Generative AI to coreless banking platform

By Gloria Methri

XYB, a provider of end-to-end ‘coreless’ banking platform, has collaborated with Google Cloud to bring generative AI within its coreless banking platform. The partnership will empower banks, non-banks, and FinTech companies to expedite the creation of innovative and compliant financial products while streamlining the process.

Harnessing the power of artificial intelligence will enable XYB to revolutionise the way financial products are built. This partnership empowers product owners to launch hyper-personalised products to their target customers without depending on the technology team or having a deep technical knowledge of core systems, enabling financial institutions to unlock their true potential and transform the future of finance.

XYB will use Google Cloud’s generative AI and machine learning tools, and its data security and compliance capabilities, to help customers accelerate the provision of banking products and services to the global marketplace. Moreover, Google Cloud’s generative AI tools will reduce operational costs by providing customers of the platform users the capability to find answers to common questions and solve complaints without the need for human intervention.

Atul Choudrie, CEO of XYB, said, “Our focus remains on surpassing conventional limits and embracing innovation in the financial services industry. Through strategic integration of generative AI and the continuous optimisation of our technology platforms, we enable banks and non-banks to access an unprecedented realm of advantages derived from the constant evolution of our ‘coreless’ banking technology. In partnership with Google Cloud, we will shape a future where financial services create an era of limitless possibilities.”

Rodrigo Rocha, Director of Global Partnerships at Google Cloud, added, “We are pleased that XYB will bring new Google Cloud-powered generative AI capabilities to its banking platform. XYB’s work with Google Cloud will have a positive impact on financial institutions looking to enhance customer experiences with generative AI.”