The Full Potential of Generative AI in Financial Services

Financial service sectors, including commercial banking, investment firms, and insurance companies, are witnessing a transformation with the integration of generative AI (GenAI). According to a recent Gartner survey, 58% of finance organizations used AI in 2024. (And that number will only continue to grow: The global market for GenAI is expected to be valued at $62.72 billion in 2025.) This technology is quickly becoming an indispensable tool that helps streamline operations, access real-time data, and enhance decision-making. By adopting AI, companies are improving their ability to serve customers and maintain a competitive edge in the industry.

Yurts is positioned at the forefront of this transformation, helping financial services organizations explore how to leverage GenAI while prioritizing robust compliance and data protection.

Yurts Across Financial Services Sectors

Yurts provides secure, modular tools to help financial services integrate GenAI into existing workflows:

• Investment Firms: Yurts supports and accelerates decision-making and strategy refinement by revealing insights during research and analysis workflows.
• Commercial Banking: Yurts can help grow revenue and improve loyalty at consumer-facing organizations by quickly educating staff on financial products and enabling customers to securely self-serve and self-support.
• Insurance: Yurts enables faster claims handling and minimizes costs by integrating data and insights into underwriting workflows.

Empowering Financial Teams with Yurts

Yurts helps financial services teams explore GenAI to streamline operations and enhance workflows:

• Become an Instant Expert: With Yurts, employees can quickly become experts on countless financial products, obtaining summaries and detailed information in seconds.
• Retain Institutional Knowledge: Yurts captures the insights and expertise of top performers, ensuring that valuable knowledge remains within the organization even as employees move on.
• Drive Innovation: By consolidating diverse information sources and rapidly processing financial data, news, and market trends, Yurts generates actionable business intelligence in real-time.
• Democratize Data: Yurts enables even the least tech-savvy employees to run SQL queries without realizing it, empowering the entire organization to become data-driven.

Enhancing Security and Efficiency with Modular AI

While AI offers transformative solutions for efficient data processing, integrating it without compromising security, control, or autonomy remains a major concern for financial institutions. In fact, a 2024 KPMG survey revealed that 57% of finance leaders identified data privacy and security as significant barriers to adopting GenAI in their organizations. Yurts addresses these challenges through its modular architecture, enabling companies to seamlessly integrate the work they've already done while maintaining full control over their systems and data. This approach allows organizations to reach production faster without relinquishing autonomy or being constrained by platform limitations.

Yurts prioritizes data protection with on-premise, air-gapped, or private VPC deployment options and ensures transparency by linking all AI-generated answers back to their original sources. Its LLM-agnostic design and proprietary retrieval-augmented generation (RAG) deliver accurate, contextually relevant insights while accommodating the unique needs of each organization. By plugging into existing systems, Yurts helps financial teams leverage AI without disrupting familiar workflows, providing robust audit trails, logging capabilities, and compliance with regulatory requirements.

The platform helps teams quickly locate specific information within vast repositories of unstructured or structured financial data, enabling experts to make faster, informed decisions. By generating accurate content, such as initial drafts of reports and regulatory filings, Yurts streamlines document creation and reduces manual effort.

How Financial Institutions Could Leverage Yurts

Financial institutions face challenges with compliance and data management, especially during regulatory audits requiring extensive document reviews. These tasks can overwhelm teams, slowing down operations and impacting competitiveness. Here’s how Yurts helps:

• Compliance Checks: Yurts allows teams to effortlessly check compliance by inspecting financial compliance reports, ensuring precision and adherence to regulations with human oversight.
• Client Communication: The platform securely synthesizes client communications from emails, call transcripts, and meeting notes, identifying themes and opportunities for personalized service.

Full visibility into data is the ultimate financial advantage. Whether your business is analyzing deals, selling financial products, assessing risk, or serving high-value investors, Yurts helps your team do it faster and smarter without exposing sensitive data. With Yurts, financial services companies can harness the power of generative AI to drive innovation, improve customer experiences, and stay ahead in an increasingly competitive landscape. Request a demo today.