Shraddha Kapoor and CEO Prabhu Kumar Introduce AcquireX & WegoAI: The Future of Risk-Free AI Banking by Wegofin

The Global Fintech Fest, held from August 28-30, 2024, at the Jio World Convention Centre, saw a major highlight as Wegofin introduced its new AI banking solutions: AcquireX and WegoAI. This annual event, known as the world’s largest fintech gathering, was the perfect stage for Wegofin to demonstrate its highly innovative technologies that are set to transform the future of banking.

A Star-Studded Launch Event

The launch event was not only a significant occasion for the fintech industry but also a star-studded affair. Bollywood actress Shraddha Kapoor joined the event, adding a touch of glamour and excitement. Alongside her, YS Prabhu Kumar, the CEO of Wegofin, played a key role in presenting the new products. The presence of Kapoor and Kumar made the event memorable and highlighted the importance of Wegofin's innovations in the world of finance.

AcquireX: Simplifying Merchant Services

AcquireX is Wegofin’s most prominent product, designed to revolutionize how banks handle merchant services. This advanced AI platform offers several features aimed at improving and simplifying banking operations:

• Digital Onboarding: AcquireX speeds up the Know Your Customer (KYC) process, which is crucial for verifying the identity of customers. By making this process faster and easier, banks can serve their customers better.

• AI Risk Engine: This feature helps detect and prevent fraud, ensuring that transactions are secure. It uses smart algorithms to spot suspicious activities and reduce the risk of financial losses.

AcquireX is built to integrate smoothly with existing banking systems, which means banks can start using it without major changes to their current setup. Kumar emphasized the importance of this integration, stating, “AcquireX is a major improvement for banks. It makes managing merchant services easier and more secure.” During the event, Kumar demonstrated how AcquireX works and showed how it has become a preferred choice for handling UPI transactions in banks.

WegoAI: Personalizing the Banking Experience

WegoAI is the second major product introduced by Wegofin. It aims to make online banking more personalized and efficient. WegoAI includes several AI-powered managers that offer a range of services:

• AI Accountant: This tool takes care of financial record-keeping and reporting. It helps users manage their finances accurately without the need for manual entries.

• AI Relationship Manager: This feature provides personalized advice and support, tailored to each customer's specific needs. It helps customers make informed financial decisions based on their unique situations.

• Predictive Analytics: This tool analyses financial data to forecast future trends. It helps both banks and customers understand and prepare for upcoming changes in the financial landscape.

• Automated Customer Service: WegoAI includes a system that offers quick help and answers to customer queries. This improves the overall customer experience by providing fast and accurate responses.

Kapoor praised WegoAI for its ability to make banking more personal and efficient. “With WegoAI, we are stepping into a new era of AI-powered banking. These features are designed to make banking easier and more responsive to individual needs,” she said. The AI capabilities of WegoAI aim to enhance the overall experience for both merchants and customers, making banking more accessible and less complicated.

Impressive Live Demonstrations

The event featured live demonstrations that left the audience in awe. Attendees witnessed closely how AcquireX and WegoAI managed a range of banking tasks quickly and accurately. From gathering virtual account details to generating real time tax summaries and managing expenses, AI solutions demonstrated their efficiency and effectiveness. The demonstrations showcased the potential of these technologies to greatly improve banking operations and customer service.

A Vision for the Future

As the event concluded, both Kapoor and Kumar shared their excitement about the future of AI in banking. Kumar spoke about Wegofin’s commitment to making banking smarter, safer, and more efficient. “Our goal is to push the boundaries of fintech and make the future of banking a reality,” he said. Kapoor also shared this sentiment, expressing her satisfaction with the launch and praising Wegofin’s innovative approach.

“This has been an incredible experience,” Kapoor stated. “It’s an honour to be part of such a groundbreaking launch. Wegofin is truly making a difference in the world of banking.” Kumar also thanked the attendees for their support, highlighting the collaborative nature of the achievement. “Your enthusiasm and engagement drive our commitment to pushing the limits of what’s possible in fintech,” he concluded.