Fintech Company Fis (NYSE: FIS) today announced the launch of Fis Neural Treasury, a suite powered by AI designed to convert how business activities use technology to manage their activities and manage their money into motion.
The Solution Suite combines AI, mechanical learning and robotics to assist corporate cashiers in businesses of various sizes with increasing efficiency, reduction of business risk and unlocking cash flows to help fund strategic growth opportunities.
Using AI, mechanical learning and robotics, the nervous fund aims to improve the functions of the Critical Fund, including:
Using the first large language model (LLM) designed specifically for the Treasury Industry, Treasury GPT, to support improved data analysis, simplified customer use, policy formation and optimal industry practices
Analysis of Historical Data and Cash Flows to predict cash flows and support for more accurate and preventive liquidity management
Monitoring Transactions Standards to detect possible fraud and adaptation to improve detection potentials over time
Automation of liquidity, reconciliation, and accounting assets to help public groups focus on value added strategic activities while rationalizing aspects of decision making
Giving Treasury and Finance executives a detailed view of the requirements and obligations of the Ministry of Finance
“The departments of the corporate treasure are the economic nervous center of their organizations, but are often limited by the inherited systems struggling to meet the needs and pace of the increasingly complex economic landscape of today,” said JP James, head of the Treasury. “The nervous treasury is designed to make use of AI’s strength to help corporate treasures act as strategic leaders and support their efforts to optimize important processes such as cash placement, forecast, execution of payments, more.
“The introduction of the suite of the FIS nervous treasure represents a remarkable progress for corporate treasures,” said Kevin Permenter, senior research director, Financial Applications, IDC. “As a cloud-native solution that incorporates AI, mechanical learning and robotics, it offers a separate product designed to enhance effectiveness and support efforts to reduce risk.
By expanding access to AI -powered Treasury capabilities, the FIS® nervous treasury is intended to serve companies in a wide range of sizes and industries. Large and medium -sized market companies can now have access to liquidity management and risk -based detection tools, when they are only available to largest, more complex companies.