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Kasisto

Kasisto

Kasisto is a company that develops conversational AI for financial institutions.

Kasisto is a company founded in 2013 that develops conversational AI. KAI is Kasisto's conversational AI platform that powers virtual assistants and bots on mobile, web, messaging platforms, and voice-enabled devices. KAI creates intelligent conversations to fulfill requests, solve problems, and predict needs for customers.

KAI Platform

Kasisto built KAI using artificial intelligence research and IP from an independent R&D organization, SRI International, which is the creator of Siri (acquired by Apple).

Example of KAI's AI assistant and where it lives in a company's infrastructure.

KAI uses NLU (Natural Language Understanding ) to take what a person says through voice or text and understand it. The AI Interpreter examines the input in the context of a conversation. The AI Reasoner deciphers ambiguous goals, provides follow-up questions, and manages the conversation. NLG (Natural Language Generation ) is used to convert customer data to human-like conversations. KAI takes a hypothesis approach, deploying a full combination of processors instead of relying only on a few statistical approaches. All of the AI training is leveraged across channels to improve accuracy of response in every channel.

KAI is self-learning and uses a combination of machine learning algorithms and strategies. KAI has the ability to tune and train statistical models, based on collected data and make runtime decisions about the next step of the conversation.

The KAI platform works to scale using flexible deployment options for single- or multi-tenant deployment capabilities for customer and partner hosting choices to meet technical needs. As well, the platform Intent API and machine learning work to offer customers control to build, design, track, and configure simple and complex data-driven intents and user experiences. And KAI comes with self-service tools intended to make it easier for clients to add, integrate, and test new experiences and to give business users full control over content responses and customize those responses to organizational needs.

Enlighten

Enlighten digital assistants are developed by Kasisto and powered by the KAI platform to create a channel for customer engagement. Enlighten uses data and communications with customers to develop a full financial picture of customers and to offer proactive communication. Part of this uses conversation data and usage patterns in order to offer follow-up messages that will direct customers to explore additional options aligning with what they are looking for, based on their financial pictures and goals.

KAI Express

Starting in 2021, Kasisto introduced KAI Express, a cloud-based version of the KAI platform, which is intended to offer the same or similar services as the full platform, but faster due to cloud delivery. KAI Express is intended to be used by banking organizations, comes pre-trained and fluent in banking, and is ready for banking conversations with customers.

KAI for consumer banking

Kasisto offers a conversational AI solution for consumer banking, the KAI Consumer Banking (KCB) chatbot, or digital banking engagement platform. KCB works to provide human-like digital experiences for customers through a branded intelligent digital assistant. This chatbot comes with financial and consumer expertise training, reducing the need for organization-specific training. It offers organizations the ability to develop, customize, maintain, and grow the KCB digital assistant. KAI also captures consumer data to help organizations use consumer banking analytics for relevant suggestions, either in marketing or in new product lines.

KAI for business banking

Kasisto offers a conversational AI solution for business banking, similar to the KAI Consumer Banking AI solution, which is built for business banking and intended to be able to access information, services, and products, which includes cash positions and cash flow, payments and wire information, aggregate holdings, and liabilities. This information is then delivered through the KAI business banking conversational AI, which is intended to provide a human-like experience. The KAI business banking solution also works to navigate complex portals and help users achieve goals through simple and complex workflows to improve operational efficiencies and reduce contact center call volumes.

KAI for investment management

Similar to the tailored conversational AI solutions offered for consumer banking and business banking, the KAI virtual investment assistant (KIM) is built for investment management and intends to offer engaging digital experiences for users, including asking questions and getting to understand customers and what their investment goals are, in order to better provide answers, insights, and responses to banking questions and to help guide customers through their financial goals and needs.

Timeline

July 29, 2021
Kasisto raises $15.5M in Series C funding. Naples Technology Vendors and NCR Corporation co-led the round.
July 29, 2021
Kasisto raises a $15,500,000 series C round.
July 13, 2021
Kasisto launches KAI Express—a cloud-based intelligent digital assistant offering, designed for rapid deployment and delivered with a results acceleration reassurance guarantee.
May 18, 2021
Kasisto announces that three of the top five financial institutions within the African market, Absa, Nedbank, and Standard Bank, have now selected KAI and its conversational AI technology to power their Intelligent Digital Assistant experiences.
September 14, 2020
Kasisto announces they are integrating Kasisto's consumer banking virtual assistant (KCB) and its KAI platform into NCR Digital Banking technology.
February 4, 2020
Kasisto raises a $7,000,000 series B round from Napier Park Financial Partners.
September 3, 2019
Kasisto raises a $15,000,000 series B round from Commerce Ventures, Oak HC/FT, Partnership Fund for New York City, Propel Venture Partners, Rho Capital Partners and Two Sigma Ventures.
December 13, 2017
Kasisto raises a $17,000,000 series B round from Commerce Ventures, MasterCard, Oak HC/FT, Partnership Fund for New York City, Propel Venture Partners and Two Sigma Ventures.
January 12, 2017
Kasisto raises a $9,200,000 series A round from Commerce Ventures, MasterCard and Propel Venture Partners.
August 20, 2014
Kasisto raises a $2,300,000 seed round from BBVA Ventures, New York Angels, Partnership Fund for New York City, SRI International, Two Sigma Ventures and Wells Fargo Startup Accelerator.

Funding rounds

People

Name
Role
LinkedIn

Ruth Brown

Founder

Sasha Caskey

Founder

Zor Gorelov

Founder

Further reading

Title
Author
Link
Type
Date

Announcing Enlighten by Kasisto, the Ultimate Intelligent Digital Assistant Solution for Financial Services Industry

Web

April 20, 2021

Inside TD's strategy to embed proactive advice into its app experience - FinLedger

Suman Battacharyya

Web

January 4, 2021

Kasisto Establishes Itself as the Intelligent Digital Assistant Leader for Banking on the African Continent

Kasisto

Web

May 18, 2021

Meet the Chatbots That Might Manage Your Money One Day

Julia Carpenter

Web

April 7, 2021

NCR to embed conversational AI with Kasisto

Editorial Team

Web

January 15, 2021

South African bank's approach to chatbots offers lessons for U.S. players

Miriam Cross

Web

January 8, 2021

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Omar Faridi
July 31, 2021
Crowdfund Insider
AI conversational chatbot creator, Kasisto, secures $15.5M via Series C led by Naples Technology Ventures, NCR Corporation.
FinSMEs
July 29, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Kasisto, Inc.
November 18, 2020
www.prnewswire.com:443
/PRNewswire/ -- Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, today announced it has been recognized...

References

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