India AI Impact Summit: Qualcomm, Mihup.ai to Build On-Device Voice AI Tool for BFSI Sector

Mihup.ai, an Indian AI firm, has partnered with Qualcomm to enhance its Edge Voice Intelligence stack, specifically tailored for the Banking, Financial Services, and Insurance (BFSI) sectors. This collaboration aims to develop innovative voice-based tools that can process data directly on devices, thereby reducing dependency on central data centers. Mihup.ai's technology is designed to support over 12 regional languages, reflecting India's diverse linguistic landscape. This advancement comes at a time when the BFSI sector is increasingly seeking efficient and secure methods to leverage AI for customer service and operational efficiency. The integration of on-device processing not only enhances data privacy but also improves response times, making it a significant step forward in the application of AI in financial services. Overall, this partnership signifies a growing trend in India, where local companies are collaborating with global leaders to drive technological innovation in critical industries.