Wells Fargo Startup Accelerator

Using AI to mimic and understand human language

Natural Language Processing Tools

Kasisto is a New York-based company specializing in conversational artificial intelligence (AI) solutions for the financial services industry. The company's flagship product is KAI, a digital experience platform that powers AI-driven chatbots and digital assistants for banks and financial institutions. KAI is designed to facilitate human-like conversations, provide financial knowledge, and automate customer interactions across various channels. In May 2023, Kasisto introduced KAI-GPT, which it claims is the financial industry's first large language model purpose-built for banking. This technology combines KAI's conversational capabilities with GPT technology to enhance the AI's ability to understand and respond to complex financial queries.Kasisto's AI solutions aim to improve customer experiences, streamline operations, and drive business growth for financial institutions. The company's technology allows banks to automate customer support, deliver personalized recommendations, and empower employees with real-time financial information. In February 2024, Kasisto reported that one of its clients, First Financial Bank, experienced a 10% overall increase in new accounts opened after implementing Kasisto's AI-powered digital assistant. The bank also saw significant increases in specific product categories, including a 27% rise in new certificate of deposit accounts and a 35% increase in mortgages.Key customers and partnershipsKasisto works with 47 financial institutions globally, including major banks such as JP Morgan, Westpac, Standard Chartered, TD, and Nedbank. The company also serves US community banks and credit unions, such as First Financial Bank, Meriwest, and Indiana University Credit Union. Westpac, Australia's first bank serving over 12 million customers, has been a Kasisto customer since 2020 and was the first commercial bank to pilot the KAI-GPT large language model in May 2023. Kasisto has partnerships with fintech companies and has integrated its KAI platform with top digital banking partners like NCR, FIS, and Q2.

AutoCloud is an auto code terraform software service. Truly shift cloud security and compliance left while eliminating Infrastructure as Code experience barriers through GitOps and Terraform automation.

Amicus is a fintech company providing a philanthropic platform that makes being a philanthropist as easy as banking online. It specializes in the fields of community foundations, mobile software, impact monitoring, and nonprofit and features scale donor-advised funds with an enterprise-ready giving platform, seamlessly integrated into the banking experience. It was founded in 2017 and headquartered in Charlotte, North Carolina.

Our mission is to become the most valuable knowledge backbone of our clients' organization, so they can make informed and timely business decisions with confidence.   OpenRisk offers an INTERCONNECTED INSIGHTS platform that harvests, manages, connects, and analyzes a financial institution’s unstructured and structured data including contracts, commitments, communications, and events — resulting in more efficient and streamlined business processes, improved operational and financial risk management, and the identification of new revenue opportunities for our clients. OpenRisk platform is built on a unique combination of Semantic Web, Natural Language Processing, Machine Learning, and Distributed Ledger Technologies.  Our self-service driven adaptable platform can accelerate an organization’s unique needs or solve business critical problems right out of the box. All of our clients realize immediate value by adopting OpenRisk’s template-free, state-of-the-art semantic machine reading comprehension approach to not only extract and harvest legal clauses, facts, and rules but also in transforming linguistic rules to mathematical expressions. Strategically, some of clients derive an exponentially higher value by combining information from unstructured data with related structured data to get a complete and accurate analysis of hidden risks and untapped opportunities.   With a clear vision, authoritative & leading expertise in the financial services sector, and hunger to change the world, we are on a journey to create a more financially responsible society through better informed decision making.

Splice Machine is a data platform that offers offline, and batch analysis, and powers intelligent applications for operational workflows. Splice Machine is disrupting the $30 billion traditional database world with the open-source dual-engine RDBMS for mixed operational and analytical workloads, powered by Apache Hadoop and Apache Spark. The Splice Machine RDBMS executes operational workloads on Apache HBase® and analytical workloads on Apache Spark. Splice Machine makes it easy to develop and create modern, real-time, scalable applications, or to offload operational and analytical workloads from expensive Oracle, Teradata, and Netezza systems. Typical use cases are ETL, operational reporting, or real-time applications.

Gridspace provides natural-sounding virtual agents and voice observability software to contact centers. The company is a true, full-stack provider of conversational AI – building and integrating its own enterprise-grade softswitch, real-time conversational ASR, LLMS, semantic search engine, neural TTS, dialog management system, authoring interface, management dashboards and analytics modules.

Roostify they designed a POS platform to help lending homes to provide loans from banks.

Zumigo leverages mobile network data to secure financial transactions, identify devices, authenticate access, validate device ownership, and prevent fraud.  The Zumigo solution is a device-agnostic, cross-carrier platform that allows institutions to instantly access and delivers critical financial and identity information to and from their subscriber’s mobile devices. Zumigo solutions are designed to operate on the network, and in most cases support any phone including smart and feature phones.  It was founded in 2008 and headquartered in San Jose, California.

EyeVerify is a security company that provides EyePrint ID, a biometric verification solution for mobile devices. This patented authentication solution uses existing cameras on smartphones to image and pattern match the blood vessels in the whites of the eye. Available on smartphones and tablets, the application protects data with a high entropy encryption key which is equivalent to a 50-character complex password. Requiring only a 1MP camera, this B2B solution enables businesses secure its customers. EyeVerify is available for use on iOS and Android platforms. The company was founded in 2012 and is based in Kansas City, Missouri

Kasisto enables financial institutions to service, engage, and acquire customers via human-like, intelligent conversations anytime, anywhere. Its digital experience platform, KAI, powers omnichannel virtual assistants and chatbots who are fluent in banking across mobile apps, websites, messaging platforms, and voice-enabled devices. The company was founded in 2013 by Dror Oren, Zor Gorelov, Sasha Caskey, and Ruth Brown and headquartered in New York, New York.

MotionSavvy is developing a translation tool for the Deaf and Hard of hearing by working with gesture recognition technology Leap Motion along with various mobile devices which targets sign language users for improved accessibility. Our goal is the 370 million deaf and hard of hearing market worldwide with a cost affordable product against current competitors.

The Wells Fargo Startup Accelerator is a hands-on program focused on startups that create solutions for financial institutions and enterprise customers.

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