Wipro Smart Finance Analyzer

Background:

Banking clients need to process multiple financial contracts on daily basis which has huge volume. Reading each document every day is labor intensive task. Oversighting a key element in the documents can expose risk to the bank slippage on any schedule also can draw penalties to the banking and finance sectors. Banks had thousands of policy documents that were often updated, making it challenging to provide the latest information. They wanted a single interface for users to ask questions and receive precise answers and extractions important fields and summarize of entire documents.

Wipro Solution:

Wipro implemented an AI-powered solution leveraging Intel Xeon processors, Azure Cloud Gen AI, and open-source Llama models to streamline financial contract processing. The platform enables users and administrators to upload dynamic financial documents such as International Swaps and Derivatives (ISDA), Trade Finance, Mortgage contracts or types of Credit of Letters and interact with them via a 24x7 chatbot interface. Business users can extract insights, summarize content, and ask contextual questions grounded in the document’s data. The solution integrates a RAG pipeline with custom chunking logic to ensure accurate, context-aware responses while minimizing hallucinations.

Key Capabilities and Benefits:

• Improved Decision Making - Gen AI analyzes contracts, simulates scenarios for strategic decision-making
• Azure VMs with AI - Driven Intel DV6 boost SFA performance and efficiency
• Accuracy and Consistency up to 99%
• Cost Savings up to 50%
• AI ensures contract compliance and identifies embedded regulatory and market risks
• AI extracts structured data for streamlined reporting & analysis
• 80-90% reduction in time spent on documents for Summarization
• AI streamlines contract lifecycle, renewal alerts, and compliance monitoring.

Why SFA built on Azure and Intel?

The Smart Finance Analyzer is a cutting-edge solution co-developed with BFSI expertise, powered by AI-driven Intel Xeon hardware and hosted on the robust Azure cloud platform. It seamlessly integrates Azure App Service, Blob Storage, Web Apps, and VM DV6 to ensure high performance, scalability, and secure data handling. Designed for rapid deployment and continuous monitoring, this solution empowers financial institutions to manage complex contracts efficiently and make data-driven decisions with confidence.

For more details, connect with us for briefing.