Banking and Financial Services Solutions
Accelerate Your Innovation with Tailored Generative AI Tools
Create a GenAI Finance and Banking Solution That Pays You Dividends in Returns
Leverage advanced AI capabilities without the need of technical expertise or resources to develop your own AI/LLM models yourself. Take advantage of Sphere’s pre-made, highly customizable solutions and use-cases to launch your customized solution in as little as 8 weeks.
Integrated GenAI Solution
Fast Implementation In < 8 Weeks
Benefit from Increased Productivity
From Churn to Cheers: Uncover GenAI’s Power
Step into the future of customer loyalty with our free e-book. Learn how cutting-edge GenAI technologies are revolutionizing the banking and finance sector, driving growth through enhanced customer retention.
What You’ll Find:
- Personalized Customer Journeys: Understand how GenAI creates deeply personalized banking experiences, fostering stronger connections and loyalty.
- Predictive Insights for Proactive Solutions: Discover GenAI’s ability to anticipate customer needs, enabling you to offer timely, tailored financial products and advice.
- Boost Retention, Drive Growth: See how intelligent GenAI insights help you conquer the churn challenge, ensuring your customers feel valued and understood.
Rapid Deployable GenAI Solutions for Finance and Banking
Get your AI-powered application ready to go in 8 weeks or less. From automating routine tasks to generating sophisticated financial models, GenAI is redefining the landscape of finance and banking. Our engineers take existing GenAI models and constantly refine them, ensuring accuracy, efficiency, to analyze complex financial data, recognize patterns, and even predict market movements.
AI Assistant for Boosting Productivity
- Business Problem Description: Support representatives often face high volumes of routine inquiries, leading to burnout and inconsistent service quality, affecting customer satisfaction.
- Solution Description: An AI assistant, integrated with Generative AI, handles routine inquiries, categorizes customer queries, and provides real-time guidance to support reps, enhancing their focus on complex issues.
- Forecasted Measurable Benefits for Clients: Productivity of support reps increases by 40-50%, average response times reduce by 30-40%, consistent service quality improves by 20-30%, training costs decrease by 25-35%, and employee satisfaction enhances, reducing turnover rates.
Faster Customer Onboarding
- Business Problem Description: Manual processing of essential documents for new customers is time-consuming and error-prone.
- Solution Description: Automating document processing with GenAI for identity verification and KYC requirements expedites and improves accuracy.
- Forecasted Measurable Benefits for Clients: Expect a 50-70% reduction in onboarding time and a 20-30% decrease in manual entry errors, leading to a smoother customer experience.
Prevention of Revenue Losses
- Business Problem Description: Traditional customer service methods are limited by availability and may struggle with a high volume of inquiries, leading to long wait times and customer dissatisfaction.
- Solution Description: Advanced chatbots and virtual assistants powered by Generative AI provide 24/7 customer service, handling a wide range of inquiries and transactions, reducing waiting times and customer dissatisfaction.
- Forecasted Measurable Benefits for Clients: Improvements include up to 30-40% reduction in customer service costs and around 20-30% increase in customer satisfaction scores due to faster response times and availability.
Automated Loan Application Review
- Business Problem Description: Manual examination of financial documents for loan applications is slow and subject to human error.
- Solution Description: GenAI automates the examination of financial documents, enhancing accuracy in assessing creditworthiness.
- Forecasted Measurable Benefits for Clients: Loan processing time can be reduced by up to 40-50%, and accuracy in financial assessment improves, reducing default risks significantly.
Analysis of Suspicious Transactions and Fraud Prevention
- Business Problem Description: Manual monitoring of suspicious financial activities is time-consuming and less effective.
- Solution Description: GenAI empowers fraud analysts to analyze and summarize financial documents quickly.
- Forecasted Measurable Benefits for Clients: Analyst productivity can increase by up to 50-60%, with a significant reduction in fraud detection times, potentially saving millions in fraud losses annually.
Improved Data-Driven Decision Making
- Business Problem Description: Accessing and understanding business data insights requires specialized knowledge.
- Solution Description: GenAI democratizes data insights, allowing non-technical staff to query data.
- Forecasted Measurable Benefits for Clients: This can lead to a 10-20% increase in operational efficiency and better decision-making across the organization.
Meet InsightQ, Your Next Data Analyst
InsightQ is our intuitive, AI-powered platform, tailor-made to provide universal access to data-driven insights. With InsightQ, effortlessly craft dynamic data visualizations and streamline your business decision-making process, making it quicker and more efficient.
DISCOVER
By The Numbers: World-Class Software Development Consulting
We understand that choosing the right software development company can be a challenge. With over 15 years of experience and hundreds of satisfied clients, we have the market-proven experience and software solutions to fit your needs. See some of the success stories for and check out our client testimonials.
GenerativeAI Case Studies
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AI Partnerships
We will help you get the right AI tech, for the right purpose, to build the right architecture so you can transform your business. We have experience with all modern data, AI and analytics tools and will make sure you’re taking full advantage of the benefits available across your entire data stack.
GenAI: Did You Know?
According to a Gartner study, only 9% of organizations have a concrete AI vision in place. Furthermore, over a third (36%) have no plans whatsoever to develop one.
Companies that do not have an AI strategy will consequently fall behind in speed, efficiency and innovation, and are missing out on the biggest technology disruptor of the decade.
In the succinct words of Gartner, “If you don’t have an AI vision, you don’t have an AI ambition.”
Answering “Are You AI-Ready?” With Sphere’s GenAI Readiness Program
This program has been meticulously designed as a quick-start launchpad for immediate GenAI implementation. Within just a few quick sessions with your team, we’ll provide you with the insight and plan you need to enable GenAI for your company.
- Education Deck: An in-depth compilation encapsulating the vital facets of GenAI, paving the way for informed decision-making and strategic alignment.
- Executive Report: A concise distillation of key takeaways, challenges, and opportunities, crafted to give C-level leaders a clear picture of the GenAI landscape and its implications for their org.
- Strategic Roadmap: A custom-designed roadmap delineating integration points, potential projects, and a tactical strategy for POC execution, tailored to maximize ROI and ensure organizational alignment.
- Informed Insights: A meticulous breakdown of our findings, from the Goal Review & Technical Deep Dive to the IP Feasibility Study, offering a granular view of your organization’s GenAI readiness and potential.
Featured Team Members
Leon Ginsburg
Founder and CEO
A digital innovations leader, technologist, investor, and entrepreneur, Leon founded Sphere Software in 2005 to revolutionize the delivery of remote teams. He has a passion for people, products, processes, and technologies that not only perform well, but also are human-centric and meet the needs of the user.
Boris Korenfeld
Global CTO & General Manager of Tech Practices
Boris has held various roles since 2000 and worked for several of the world's leading organizations, including HP Software, Gett Taxi, and Google. He helped build a variety of products in different domains and led high scale tech teams to success. He is passionate about leadership, change management and innovation; using his experience in these areas to make an impact to global businesses.
Igor Meltser
Vice President Engineering & Technology
Igor has extensive technical and operational experience, spending the last 15 years of his career in various Healthcare-related IT roles. With almost 20 years overall in small entrepreneurial and large global tech-forward organizations, Igor leads cross-functional teams to design and deliver innovative high-tech solutions to aid in the continuum of care. He holds a Master’s Degree in Information Systems Technology, Networking and Security, and two Bachelor degrees in Computer Science and Information Systems from DePaul University. Igor previously held a CCNA certification and had successfully completed a SAFe Foundations bootcamp program.
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