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Hexaware Applied sciences, a number one world supplier of IT companies and options, has been honored with two prestigious awards on the Microsoft AI Options Foundry Program. Competing towards greater than 30 excellent groups, Hexaware’s progressive use of AI demonstrated a groundbreaking software of MicrosoftAzure Open AI service, securing a spot among the many high 5 winners and an extra particular point out.
Hexaware’s BondReco answer was awarded as one of many extremely coveted “High 5 Successful Options.” This distinctive providing leverages generative AI capabilities to robotically classify bonds into ERISA-eligible and non-eligible classes, offering invaluable help in figuring out secure and unsafe investments. Past this, BondReco notably reduces handbook processing occasions by over 40+ hours and curtails audit charges by a considerable $7000.
Hexaware’s second answer, Mortgage Audit Automation, obtained the distinguished “Noteworthy AI Answer Award.” The answer expedites the mortgage software compliance course of, enabling early danger evaluation and pinpointing potential Non-Performing Property. This progressive answer has showcased its potential to cut back a financial institution’s Adjusted NPA charges by as much as 50%.
Milan Bhatt, President & International Head, Cloud and Information, Hexaware, commented on the popularity, “At a time when Generative AI has grow to be a keystone of innovation, we’ve seized its profound potential and brought the lead in growing industry-specific options which are remodeling industries and reshaping enterprise landscapes. By leveraging Microsoft Azure OpenAI service, we’ve crafted options that not solely save money and time however contribute to a safer and extra clear funding atmosphere. We see this recognition as a reaffirmation of our mission to empower our shoppers and the {industry} at massive, via ground-breaking AI options.”
Venkat Krishnan, Govt Director, International Companion Options, Microsoft India, mentioned, “At Microsoft, our purpose is to democratize our breakthroughs in AI via Azure to assist folks and organizations be extra productive and resolve essentially the most urgent issues of our society. Microsoft AI Answer Foundry is a five-week intensive program, geared toward providing Microsoft companions a chance to innovate by serving to them develop cutting-edge AI options. My heartfelt congratulations to Hexaware for this achievement and their progressive use of AI to create these distinctive options.”
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