Quantexa Launches Q Assist: AI Suite Promises £17M Savings and Boosted Productivity for Financial Giants
June 11, 2024![Quantexa Launches Q Assist: AI Suite Promises £17M Savings and Boosted Productivity for Financial Giants](https://cdn.brief.news/images/stories/e6731b13718311b99592ad083cb4872674d21c748b38af879db340d5d633ebbb2b168e1fcf09f5813ecb4f3c72083b57156cb21122e0e17a09a1e702c1a113e1.png)
Quantexa has introduced Q Assist, a generative AI technology suite designed to improve decision-making for frontline workers across various industries.
HSBC is an early adopter of Q Assist, anticipating significant productivity improvements within the first year of using the technology.
Q Assist merges Quantexa's Decision Intelligence Platform with Generative AI to enhance tasks such as analysis, investigation, and reporting.
Participants like HSBC and potentially BNY Mellon expect the technology to drive efficiency gains, generate revenue, and enhance overall decision-making.
The suite is projected to deliver substantial cost savings for financial institutions, potentially exceeding £17 million annually.
Q Assist includes features like an Integration Layer, Prompt Builder, and Copilot to support natural language querying, data comprehension, and task automation.
Currently, the technology is accessible to select customers, with broader public availability slated for early 2025.
Quantexa's Lighthouse Program, in collaboration with industry leaders, has influenced the product requirements for Q Assist, ensuring customer value and integrating feedback into its development roadmap.
Summary based on 2 sources
Get a daily email with more AI stories
Sources
![Quantexa Debuts Q Assist, New Context Aware Generative AI Technology Suite](https://cdn.brief.news/images/links/60fcc2c79b85856eafb3301214c8d9e6d000c734578688f6826a2f63c7412d004edd5230c948b7f77c406fc6b058b99fb3fcfeef7b70c51d9d6f15ff7b942f30.png)
Quantexa Limited • Jun 10, 2024
Quantexa Debuts Q Assist, New Context Aware Generative AI Technology Suite![Quantexa Debuts Q Assist, New Context Aware Generative AI Technology Suite](https://cdn.brief.news/images/links/f0fb9bb0f40f86ec89f41e98d5724bf8f9f637b7839e7a6d4e00cc93463991735a811111694de6de5890ba04ada91cb55c6562ddb3763a2d04b5f81653744606.png)
Morningstar, Inc. • Jun 10, 2024
Quantexa Debuts Q Assist, New Context Aware Generative AI Technology Suite