FIS, a New York Stock Exchange (NYSE)-listed financial technology firm, has launched Treasury GPT, a new artificial intelligence (AI) supported product, integrated within its Treasury and Risk Manager – Integrity Edition.
The new solution, developed in collaboration with Microsoft, employs the Microsoft Azure OpenAI Service to enhance financial data management and risk assessment. It is intended to provide swift responses to user inquiries about product functionality, client setups, policies, and optimal practices.
The introduction of Treasury GPT is part of FIS’ strategy to improve operational efficiency and deliver value for financial professionals. By equipping treasurers with advanced tools, it aims to streamline risk management processes and support business growth.
Microsoft Americas financial services head Jacqueline O’Flanagan said: “As modern business management becomes increasingly complex, we continue to identify opportunities to help drive digital transformation for people, organisations, and industries around the world.
“Treasury GPT addresses a host of efficiency and workflow challenges for corporate treasurers and CFOs, and integrating with Microsoft Azure OpenAI Service empowers those leaders to drive growth and manage new risks.”
According to PwC research, 89% of CEOs incorporating generative AI anticipate significant impacts on their business models over the next three years. This highlights the value businesses are unlocking through effective AI deployment.
FIS said that Treasury GPT utilises product documentation and machine learning capabilities from Azure OpenAI Service to provide quick and informed guidance. This enables FIS users to shift focus from low-value administrative tasks to strategic liquidity management.
FIS treasury and risk head JP James said: “Corporate treasurers have a major role to play in their organisations, but emerging risks and expanded responsibilities can create disharmony and disruption to their strategies and workflows.
“In this fast-changing environment, having access to the best tools and innovations is what will keep corporate treasurers ahead of the curve. By launching Treasury GPT, we’re giving our customers a competitive edge that can unlock the power and capabilities of FIS solutions and steer their companies to growth.”
In addition to this development, FIS has announced plans to transfer its Integrity platform to Microsoft Azure. This move aligns with the company’s commitment to leveraging cloud-native technology benefits, aimed at improving the scalability, security, and performance of data processing for its financial services platform.
