Tag: Narmi

Grasshopper launches ChatGPT-enabled AI banking tools
FinTech News

Grasshopper launches ChatGPT-enabled AI banking tools

Grasshopper, a client-first, full-service digital bank, has partnered with Narmi, a leading digital-banking-platform provider, to roll out the next stage of their Model Context...
BlueFlame AI, a leading provider of generative artificial intelligence (Gen AI) solutions for the alternative investment management industry, today announced the launch of its DDQ Manager, a generative AI-powered solution designed to transform the way Alternative Investment Managers handle Due Diligence Questionnaires (DDQs) and Requests for Proposals (RFPs). The BlueFlame AI DDQ Manager eases the time and resource burden of managing and responding to information requests by streamlining the entire process from end to end, from auto-generating responses to reviewing and approving questions, to exporting completed content for formatting. The solution significantly reduces completion time, increases accuracy, and ensures consistency across communications. Library management is dramatically simplified using advanced AI, saving hours of overhead. This gives alternative investment managers a competitive edge in responding to information requests and allows teams to focus on high-value decision making. Key features of the BlueFlame DDQ Manager include: Intelligent AI document processing for automated question extraction Automatic use of pre-approved content verbatim to avoid IR and compliance re-review, with AI-driven automated response generation when no pre-approved content exists AI driven chat to help format, cleanup, and pull answers from 3rd party sources, such as email, CRMs, outside files, or portfolio accounting tools Flexible question assignment, review, and approval workflows with permissions-based access to source content for easier collaboration Export of completed DDQs and RFPs into Microsoft Word or Excel source files or firm templates to ensure formatting and brand consistency Support for proprietary and industry-standard questionnaires (e.g., AIMA, ILPA) Support for attachments in responses Integration with third-party systems for comprehensive information access "Alternative Investment Managers have long grappled with the time-consuming and resource-intensive nature of DDQs, often struggling with inconsistent responses, outdated information, and the sheer volume of requests," said Raj Bakhru, CEO at BlueFlame AI. "Our AI-powered DDQ Manager addresses these challenges head-on. Using AI in the DDQ process enables managers to efficiently address questions, compare previous answers, and generate responses based on new information. By harnessing the power of AI, we're enabling firms to respond to information requests faster, more accurately, and with greater consistency than ever before, freeing up valuable time for strategic activities and giving them a competitive edge in the market." “Through our extensive testing and our own use of the technology internally we were able to complete our DDQ’s in 25% of the time, saving an average of 6 hours per DDQ,” said James Tedman, Head of Information Security at BlueFlame AI. “We expect clients, many of whom have more onerous requests, to see similar results.” BlueFlame AI’s DDQ Manager is available to existing clients and the company is offering personalized demos to interested firms. For more information about DDQ Manager or to schedule a demo, please visit www.blueflame.ai. ‍About BlueFlame AI Founded in 2023, BlueFlame AI offers an AI-native, purpose-built, LLM-agnostic platform for Alternative Investment Managers. Our team, with deep roots in alternative investments, combines expertise in deal-making, development, cybersecurity, and financial services. BlueFlame AI offers comprehensive enterprise search, intelligent document processing, and no-code automation. We excel in semantic search, structuring unstructured data, interfacing with third-party systems, and automating data aggregation and document generation through our Blueprints feature. Uniquely positioned to address AI adoption challenges in financial services, BlueFlame AI transforms how alternative investment managers handle data and automate processes. Learn more at www.blueflame.ai.
FinTech News

Agent IQ and Narmi forge strategic partnership to revolutionise digital banking

Agent IQ and Narmi announce a strategic partnership to enhance digital banking solutions, offering advanced AI-driven experiences to community banks and credit unions.
Funding Rounds

Banking tool developer Narmi closes Series A round

Digital banking solution developer Narmi has bagged $20.4m in its Series A funding round to help community banks and credit unions better compete against megabanks, challenger banks and FinTechs, it claims.
Advisors

Why Robinhood and the InsurTech industry stand out from the 39...

From GameStop chaos to how InsurTechs have benefited from the Covid-19 crisis, this is what you can learn from the 39 FinTech funding rounds of last week.

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