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At AI Unlocked: A Google Cloud x Unqork Innovation Day, Quantiphi showcased their institutional client onboarding & servicing solution in order to demonstrate what you can achieve by leveraging Unqork’s enterprise application platform and Google Cloud’s AI solutions.
Quantiphi, an AI-first digital engineering firm and long-standing partners with both Unqork and Google Cloud’s AI solutions, quickly built a solution that:
Watch Quantiphi demo their solution:
The Quantiphi team decided to tackle institutional onboarding because, for many firms, it is an expensive and painfully manual for both customers and employees. Institutional onboarding, including KYC efforts, costs firms upwards of $25 billion a year, explained Kalita. And complex manual processes are also a major cause of the very high 39% abandonment rate.
Quantiphi decided this was a good use case to demonstrate the combined power of Unqork’s Enterprise App Cloud and Google Cloud’s AI solutions. Unqork not only accelerates development by eliminating the need to code, but also removes the burden of upgrading, maintaining and securing applications across their lifecycle. And Unqork’s GenAI Connector enabled Quantiphi developers to quickly integrate Google Cloud’s AI solutions—and all within a single view.
Combining digitization, automation, and human-in-the-loop AI, Quantiphi’s solution has the potential to reduce onboarding times by up to 80% faster for brokers and 70% for commercial customers. It includes four integrations, including email, SMS, intelligent assistance for back-office personnel powered by Google Cloud’s models, and Dociphi, Quantiphi’s AI-powered flagship solution for intelligent document processing (IDP), which runs on Google Cloud’s Document AI.
The solution also serves three different personas, including:
To learn more, watch the Quantiphi team demo the seamless, AI-powered institutional client onboarding & servicing solution they built with Unqork and Google Cloud’s AI solutions.