Uhura Solutions has announced the successful awarding of funding by the Innovation Fund of Montenegro to advance the development of their transformative project, the “Generative AI Intelligent Process Automation Platform.” This initiative is poised to revolutionise the financial industry by seamlessly integrating cutting-edge AI-driven automation solutions.
The project aims to reshape the way businesses operate by incorporating advanced AI technologies, including Fine-Tuned Large Language Models (LLMs), low-code frameworks, and process automation workflows. This unique fusion of technologies promises precise and relevant insights, streamlining workflows, offering scalability, real-time data insights, and enhancing customer experiences within the financial sector.
The platform’s focus extends to the banking, investment, insurance, and other financial services sectors, with primary targeting in Europe and the UK. Market reports project significant growth in the Intelligent Process Automation market, from USD 13.96 billion in 2022 to an estimated USD 51.26 billion by 2032, driven by automation benefits, especially in back offices within the finance segment.
Djuro Stojanovic, CEO of Uhura Solutions, expressed his enthusiasm for this milestone achievement, stating, “We are honoured to receive funding from the Innovation Fund of Montenegro for our project. The Generative AI Intelligent Process Automation Platform is poised to redefine the financial landscape, offering unparalleled operational efficiency, cost reduction, and an elevated user experience.”
An exceptional aspect of the platform is the incorporation of Fine-Tuned Large Language Models (LLMs), which sets it apart from generic AI solutions. These LLMs, refined for the financial industry’s unique language, context, and patterns, promise to deliver more precise and relevant insights. The platform’s value proposition is further bolstered by its ability to streamline workflows, provide scalability, offer real-time data insights, and ultimately enhance customer experiences. The integration of a low-code development framework and process automation workflows is a strategic move, enabling swift prototyping and deployment of AI-driven models. This approach accelerates time-to-market, allowing Uhura Solutions to capitalise effectively on emerging market opportunities.
The anticipated impact of this project on Uhura Solutions is comprehensive and transformative. Beyond the development of the Generative AI Intelligent Process Automation Platform, the organisation expects positive outcomes across various dimensions. This includes the expansion of the product portfolio, increased market presence, revenue growth, strengthened customer relationships, and the potential for expansion into other sectors.
UHURA IS AN AI PLATFORM THAT READS AND UNDERSTANDS COMPLEX DOCUMENTS JUST AS HUMANS DO. WE HELP BUSINESSES SPEED UP THE REVIEW AND DECISION-MAKING PROCESSES BY USING AI TO UNCOVER VALUABLE INSIGHTS FROM DOCUMENTS, REPORTS, CONTRACTS AND AGREEMENTS. WE USE CUTTING-EDGE AI, INCLUDING IMAGE PROCESSING, NATURAL LANGUAGE PROCESSING AND MACHINE LEARNING TECHNOLOGY, TO BRING UNPRECEDENTED ACCURACY AND SHORTEN DOCUMENT PROCESSING TIME FROM HOURS TO SECONDS.
