vPhrase, now live on Temenos MarketPlace, competes at Temenos Innovation Jam Shanghai
The fintech startup will demonstrate its solution for automated report generation, now accessible to Temenos customers
GENEVA, Switzerland – November 1, 2018 – Temenos (SIX: TEMN), the banking software company, today announces that vPhrase is now live on Temenos MarketPlace, Temenos’ platform for connecting banks with the best fintech solutions. vPhrase will be showcasing its Phrazor solution for AI-generated reports, now integrated with the Temenos Suites, at the Shanghai Innovation Jam today.
Headquartered in Mumbai, vPhrase is an AI-based natural language generation company. Its solutions turn data into short, easily-understood insights, for consumption by executive audiences or customers. With vPhrase's platforms, company stakeholders don't have to spend time analyzing numbers or interpreting dashboards, they get reports ready-made. vPhrase has been working with leading banks in India and Singapore on use cases such as automating credit proposals, employee performance reports and monthly customer statements.
vPhrase was one of only three Temenos MarketPlace solutions – along with Inpher and WealthInitiative – to be selected to take part in the Temenos Shanghai Innovation Jam, which is being hosted by Shanghai Pudong Development Bank. Earlier this year, vPhrase won the Temenos Innovation Jam in Hong Kong.
Neerav Parekh, founder, vPhrase, commented:
"Temenos’ Innovation Jams are a fantastic platform for companies like us to showcase our analytical and natural language generation capabilities to Shanghai Pudong Development Bank. Temenos is a pioneer in providing cutting edge software to banks. vPhrase's AI platform along with Temenos' services is an ideal product for banks of the digital era, as it gives them humanly unfathomable scale."
Ben Robinson, Chief Strategy Officer at Temenos and Head of MarketPlace, said:
"Temenos customers want MarketPlace solutions that help them to drive higher efficiency and grow the top line. vPhrase can help them to do both. By automating insight-generation, vPhrase can improve information flow and decision-making within the organization, but it can also make these tools available to customers helping them to make better decisions and, in turn, improving loyalty and wallet share. In light of this, it is not surprising that the solution was selected for the Shanghai Jam, nor that we have such strong interest from Temenos customers.”