Trade Ledger has developed a new artificial intelligence-powered application, powered by Microsoft Azure, to provide financial services organisations with data quickly and effectively.
The firm’s founder and CEO Martin McCann spoke about the new solution, which is a working capital copilot called Aida, in a Microsoft partner session at Sibos.
“Users can ask simple natural language questions and the copilot will transform them into queries about the business and respond with the answers that they need,” said McCann. “Through this, we’re making conversational analysis available for everyone who needs to see it for their corporate customers.”
The application will be generally available from the second quarter of 2024 and will be accessible via Microsoft Teams for users to ask for specific prompts for data. It will be deployed to banks around the world by Accenture.
“Trade Ledger’s Bank solution integrates Trade Ledger’s data model and solutions with the power of Azure OpenAI Service, giving commercial banks the opportunity to embrace generative AI in a powerful, compliant and secure manner for the benefit of their business customers,” said Bill Borden, corporate vice president of the financial services industry at Microsoft in a Trade Ledger press release.
McCann ended the session by emphasising the importance of being able to have “simple conversations about your data” and revealed that the product is now available for a selection of customers via Trade Ledger’s Beta programme waitlist.
Technology Record is at Sibos 2023, covering the latest news from Microsoft and its partners. Find out more here.