RegTech company Signzy has partnered with leading blockchain startup, Primechain Technologies, to co-develop AI-led smart banking solutions for banks and financial institutions. The first pre-integrated solution is expected to be launched by December 2019 and will be used to integrate AI and blockchain technologies to automate and fully-digitize back-office operations in banks. Signzy said the solution will allow banks to achieve unprecedented efficiencies in operations and simultaneously deliver a superior customer experience across a range of products: loans, insurance and retail banking services. Ankit Ratan, co-founder and CEO of Signzy, said this partnership combines the two companies’ respective leadership in AI and blockchain-based digitization technologies targeted at the BFSI industry. The 2 companies together aim to develop and launch integrated solutions that can radically transform the way banks and NBFCs operate and serve their customers, he added.
