Setu, a division of Pine Labs Group, has unveiled India’s first Large Language Model (LLM) tailored for the Banking, Financial Services, and Insurance (BFSI) sector, named Sesame. Developed in partnership with Sarvam Artificial Intelligence (AI), this groundbreaking initiative was introduced at the “Adbhut India” event, hosted by People+ai, and attended by prominent personalities including Nandan Nilekani, co-founder of Infosys, and Shankar Maruwada.
Key Features of Sesame
- Sector-Specific Design: Sesame is specifically designed for the BFSI sector, trained on customized BFSI data to cater directly to the unique needs of this industry.
- Functional Capabilities: The model is developed to significantly enhance credit decision-making processes and provide hyper-personalized financial services. It focuses on critical areas such as assessing creditworthiness, customer profiling, credit underwriting, and fraud detection.
- Data Sovereignty: A key emphasis for Setu and Sarvam AI is on maintaining data and model sovereignty. Sesame ensures that all data storage and processing are conducted locally, aligning with data protection and privacy regulations.
About Sarvam.ai
- Co-founders: Dr. Vivek Raghavan and Dr. Pratyush Kumar lead Sarvam.ai, with its headquarters based in Bengaluru, Karnataka.
- Collaborative Effort: The collaboration between Setu and Sarvam AI for developing Sesame highlights the fusion of industry knowledge and cutting-edge AI research.
Sesame represents a significant advancement in the application of AI within the BFSI sector in India, setting a benchmark for future innovations in domain-specific AI solutions.
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