Purple Fabric Triad: Setting new standards for unbiased decision-making in financial services

The European Union has set out seven key regulations to ensure responsible Generative AI use in business, focusing on Explainability; Bias Removal; Accountability; Data Privacy; Security; Fairness, and Transparency.

PF Triad, the fourth technology in the Purple Fabric Suite, embodies these principles by eliminating bias in the judgement of three key roles in the enterprise – Sales/Relationship Managers, Operations Managers, and Compliance Managers.

Using advanced AI algorithms and contextual LLMs, PF Triad ensures optimal, unbiased decisions and recommendations.

With built-in reasoning algorithms and real-time data access via self-constructed SQL queries, PF Triad provides comprehensive, up-to-date insights.

PF Triad has been successfully implemented in wealth advisory, complex investigations, and loss runs, particularly in the UK and US markets, setting a new standard for unbiased decision-making in financial services.

July 26, 2024

Enabling operations managers imagine near autonomous user journeys

Many smart enterprises are using AI to drive near autonomous operations to drive faster TAT and lower operations costs. Intuitive design and embedding expert agents in client user journeys can reduce operation costs by over 60%.

PF Expert Agent technology designed by Intellect Design Arena Ltd’s Applied AI research team synthesises five sets of knowledge to drive actionable intelligence:

A. Knowledge from large sets of documents.
B. Well-crafted operations book (Roles and SOPs).
C. Structured data from data lakes or application systems. 
D. Book of regulations
E. Market knowledge.

The PF Expert Agent enables Operations Managers imagine near autonomous user journeys for their customers, including timely AI nudges and AI Alerts, to Relationship Managers, Compliance Managers and Management, as relevant. It uses contextual LLM models appropriate for business from a basket of OpenAI – GPT-4, GPT-4o, Anthropic – Claude 3 Opus, Claude 3.5 Sonnet, Claude 3 Haiku, and other advanced language models.

During a recent bootcamp, it was deeply satisfying to watch 5 teams rapidly build their own working expert agents, within the period of a 3 day Purple Fabric Bootcamp.

As shared earlier, I am extending a special invite to SMEs, Heads of Departments and Product Managers to our exclusive AI Boot Camp on August 29 and 30 in Chennai. You can explore how AI can simplify operations across specified functions and discussions within a financial institution through this Boot Camp.

Link to register

July 25, 2024

Exploring Forgotten Periods of Prosperity in History for Lessons on Holistic Well-being and Sustainable Societies

We have studied major events in history books. Most of the events are recorded around major wars and change of power. In Indian history, we remember Alexander’s (Sikandar) war and the birth of Chandragupta and then Ashoka Kalinga’s war which was in 2 BC. Then lots of wars between the 11th century till our recent independence.

Between these invasions there were long periods of great prosperity for 300 to 600 years (12 generations to 24 generations) which are not at all documented in our history. These periods are much longer than the entire industrial transformation over the last 175 years.

What were those successes?
A. Systems – Political, Economic, Social
B. Processes – Education and Health
C. Governance – Empowerment and conflict resolutions

The modern ‘ism’ like Communism and Capitalism have completed just over 150 to 200 years and they start showing that it’s cracking.

How do we retrieve those knowledge systems that may have possible learnings of holistic happiness built around spirituality, expertise and interdependent livelihoods with lesser greed, selfishness, ego and violence?

May 2, 2024

9 Day Long Emach.ai Summit With 325 Senior Intellect Leaders And Advisors

emach-summit

We just finished the 9 day long eMACH.ai Summit with 325 Senior Intellect leaders and Advisors at our corporate headquarters. The eMACH Summit 2024 was beautifully designed with three blocks of learning, collaborating, and alignment on the exciting journey of Intellect 3.0. 92 delegates from 25 countries participated in two boot camps and the final summit.

We had two Bootcamps – Composable Technologies for Finance Platform of eMACH using Turmeric and Contextual Technologies using holistic Enterprise Business impact Purple Fabric Platform.

In Turmeric Bootcamp, all 300 delegates composed a full loan repayment user journey from Data design, Process design, Ruled design, Event design, API design and interaction design on their own laptop simultaneously. These include global Sales heads to corporate management heads who had not touched or experienced programming in their life. This Bootcamp tested the power of Simplicity of Turmeric where UX, API, and Orchestration can be imagined, coded and tested on a True composable platform.

In Purple Fabric Platform Bootcamp, the 300 senior leaders understand the 9 technologies of AI under one roof, from ingestion and extraction to Gen AI. By 3rd day, they built their own Expert Agents in the area of their choice. The winners of the innovation challenge are not AI architects but the Regional Sales team and Business teams. The First principle thinking applied in designing designing full scale Business Impact AI platform was just magical. The true excitement of using AI for Enterprise Operations simplicity is still palpable.

April 30, 2024

Intellect Launches First Principles Technology Suite eMACH.ai for Middle East and Africa

Last week, I travelled to Dubai for the launch of Intellect’s ‘First Principles’ Technology suite, eMACH.ai, for Technology-suave Bankers in the Middle East and Africa. The trip was a truly holistic experience, allowing me to not only present eMACH.ai, but also gain valuable insights into the region’s financial landscape and culture, which has substantially changed in last 10 years.

My interactions proved to be incredibly enriching. I had the privilege of meeting the COOs and CIOs of three major banks in the UAE, gaining first-hand knowledge about their current strategies. I was particularly impressed by their operational efficiency, evident in their high net margins (around 60%) and low cost-to-income ratios (between 25 and 32%).

Beyond business, I was captivated by the speed of change of the region. The drive from Dubai to Abu Dhabi, a mere 1 hour 10 minutes at 140 km/hour (87 mph) much higher than speed limit of 65 mph in US. I like the way the green trees are planted along the highway with drip irrigation in complete desert.

In Abu Dhabi, the “richer and older brother” of Dubai, I met with a customer of ADIB and engaged in a stimulating discussion about applying first principles thinking.
I could able to visit few Tourist structures built in Abu Dhabi : the Louvre Museum, Qasr-a-watan and the Grand Mosque. All 3 structures are big in size as well with great craftsmanship.

What I liked about the trip that Human can reverse the direction of desertification if they want. I noticed vegetables and fruits from local farms that too in the Desert of the UAE and they were using all bio fertilisers.

Rajesh Saxena Rajeev Kakar Sandeep Chouhan Banesh Prabhu Manish Maakan

March 11, 2024

First Principle Design eMACH.ai anniversary

IntellectAI, leveraging advanced technologies such as NLP, Computer Vision, and Big Data, has successfully tackled the challenge of extracting contextual intelligence from complex documents set. This innovative approach, employing proprietary domain-specific models, algorithms, and GenerativeAI, has paved the way for developing DIMS – Document Intelligence Management System. iFABRIC DIMS Platform is solving four frames of mystery.

Frame 1 : Document Classification
Frame 2 : Document Extraction
Frame 3 : Extracted data Accuracy and Validation
Frame 4 : Enriched Decision Grade data

Currently, many Fintech companies are solving each use case separately similar to early stage RDBMS companies during 1980 to 1990s era. Since my 37 years in Banking industry, I believe Banks need trusted and Integrated platform on which multiple Contextual experiences can be designed like Autonomous Credit underwriting, Large interdependent data of Trade financing, Right and compliant advise for HNIs, Embedded AI Agents to streamline operations, complex GRC alerts and embedded compliance during customer advise/ risk reporting.

All the above use cases are interdependent and require a designed approach to build a cohesive Cognitive Enterprise.

At eMACH.ai anniversary, our iFABRIC platform has won over 18 mandates from global P&C insurance, Wealth, and Investment banks and large corporates. We are running ‘Proof of Impact’ in over 40 progressive customers as of now.

I must congratulate the IntellectAI team, who applied the first principles of design thinking to demystify complex 51 step AI use case design process to just 5 step Algorithm for creating Business Impact embedded AI.

Intellect Design Arena Ltd Banesh Prabhu Deepak Dastrala Hari Menon Laila Beane Sandeep Tandon

hashtag#IntellectAI #eMACH.ai hashtag#FirstPrincipleDesign hashtag#iFABRIC hashtag#Success hashtag#IntellectAI

February 1, 2024

Linking observations into design of good social development systems

Today during the conversations with Uday, few insights surfaced

  1. The art and literature shapes the thinking of child to have his ‘Rule book’ for deciding ‘right or wrong’ in his/her life.
  2. Art and Literature is expressed in the form stories and pictures/ sculptures of god he/she gets exposed to.
  3. Theatre and Sports are the platforms for child to express and experiment.

Now my mind is working on How to link these observations into design of good social development systems.

Question to this Forum are

  1. What are villages within india or outside india where Art, literature, Theatre, Music are structured tools for social development?
  2. What are villages within india or outside where Sports has helped in self reliant communities?
    We want to collect such models to integrate in Mission Samriddhi Summit to be held in Chennai from 8th to 10th February.
February 1, 2024

Congratulations ISRO for the monumental success of Aditya-L1

In celebrating the triumph of intellect, I extend my warmest congratulations to the brilliant minds at ISRO for the monumental success of Aditya-L1, India’s inaugural solar observatory. This achievement is a shining example of the exceptional intellect and innovative prowess of our scientists, who navigated the complexities of space exploration with unparalleled skill.

Their intellectual brilliance has not only marked a historic moment for India but has also propelled us towards new frontiers of scientific excellence. Hats off to the incredible achievement of the ISRO team!

January 1, 2024

Ullas-The Young Achiever 26th Annual Can Do workshop 2023

Today we are celebrating Ullas – The Young Achiever, 26th Annual ‘Can Do’ workshop 2023 at Music Academy, Chennai.

The workshop has over 1100 Teenagers from class 9 from government and corporation schools selected thru proper test. The test was taken by over 5000 students from over 200 schools in Chennai.

This workshop is named as ‘Diary of Dreams’ Workshop where we encourage students to write their dream in small personal diary handed to them among 1100 other students.

This is a beginning of their journey of Design the Thinking to drive higher performance followed by 20 Life skills workshops.

The 20 workshop are divided into 4 Summits.

Summit 1 for 9th standard Summit 2 for 10th standard
Summit 3 for 11th standard
Summit 4 for 12th standard

Each Summit has 5 Workshops conducted by Polaris/Intellect Employees, Ullas Alumni and college students.

October 2, 2023

Celebrating Sixth Foundation Day of Mission Samriddhi

Today is the 6th foundation day of Mission Samriddhi. There were more than 70 participants in the workshop who decided on the name for the ‘Purpose’ they are committing to. Finally, it has to go for voting and the name Mission Samriddhi was born.

During that time, Arup Kavan helped me design the ‘Open Architecture’ for Social Development after researching various models of sustainable and scalable social development, including the United Nations. Since we knew social development is Multidimensional and Multifactorial problem, we will need Design Thinking as a methodology for arriving at small successes. MS executive Council also took a ‘Conscious Pause’ in accelerating the projects for the first 3 years. We called this phase of Mission Samriddhi a student phase doing extensive research through experiential learning by spawning multiple projects. This pause has provided us with‘ silent spaces’ to listen to the extreme noises in very large systems of social development.

Early on, the purpose of the organisation got crystallised into just 3 words instead of long sentences – Celebrate, Connect and Catalyse. This simplification helped in such a wonderful alignment among hundreds of like-minded, highly expertise-based professionals.

November 20, 2022