Active.Ai Partners with Finastra for Conversational Banking App

Through a new partnership between Finastra and Active.AI, joint customers can now consume Active.Ai's One conversational artificial intelligence retail banking app via the FusionStore. Banks and credit unions will be able to deploy AI avatars to engage their customers and members 24x7 in the banking channel of their choice.

Active.Ai helps banks and credit unions create intelligent virtual assistants. Its conversational banking technology uses advanced natural language processing (NLP) and machine intelligence to enable customers to have natural dialogues over messaging, voice, or IoT devices.

"Voice and messaging are greatly transforming client engagement in financial services," said Ravishankar, co-founder and CEO of Active.Ai, in a statement. "We are already working with Finastra customers globally, and we look forward to delivering these experiences at scale using FusionFabric.cloud capabilities."

Key features of the app include the following:

• Pre-built workflows, pre-trained datasets, and pre-certified integration with Finastra for balance queries and fund transfers;
• Highly customizable features, including business rules, custom responses, and branding;
• APIs available for extending features; and
• Support for iOS, Android, Web apps, Facebook virtual agent, and skills for Alexa and Google.

"Conversational banking is the next big thing in consumer banking, but financial institutions aren't expected to become experts in AI in order to offer these services to their customers," said Eli Rosner, chief product and technology officer at Finastra, in a statement. "At Finastra, we are championing innovation through collaboration, bringing our clients easy access to innovative and fully vetted fintechs that provide the capabilities they need. For financial institutions, that means consuming the latest technologies available in the market which connect to your core Finastra systems through FusionFabric.cloud. For fintechs, it's the ability to distribute their apps to the more than 9,000 financial institutions that use Finastra solutions and implement with ease."