Kasisto has announced the launch of KAI Business Banking (KBB). With KBB, corporate and business banks can deliver additional automation to their clients through the use of conversational AI.  

The company says that conversational AI has created an opportunity to help corporate finance teams manage their dynamic and complicated tasks by using intelligent virtual assistants to directly assist banking functions, and automate tasks that historically have reduced productivity while distracting cash and treasury management staff from focusing on more valuable financing tasks for their companies.

The KBB intelligent virtual assistant enables corporates to access information such as payment activities, account balances and cash exposures. It provides automated reporting, reviews, and approvals in a conversational-like manner, and should reduce potential treasury-related exposures by surfacing important corporate finance insights and time-sensitive tasks. The platform is designed to quickly support emerging corporate finance needs.

“Designed for both large corporate, and small and medium-sized customers, KBB has been trained to directly assist the corporate treasurer and their finance departments with critical daily functions such as payables, receivables, reporting, and analysis," said Zor Gorelov, CEO of Kasisto.