IntellectAI Unveils Purple Fabric: A Game-Changer for Financial AI

On August 13, 2024, IntellectAI, part of Intellect Design Arena Ltd, introduced Purple Fabric, a new platform designed to speed up the use of AI in financial institutions. Built on the advanced eMACH.ai platform, Purple Fabric moves beyond simple automation to provide connected intelligence, helping financial institutions make a significant business impact.

While AI was expected to transform industries, many financial institutions needed help in seeing real results due to issues with rule-based systems and quickly integrating AI into their processes.

Understanding that the real strength of AI is in connected intelligence across the enterprise, Intellect used its 30 years of experience to create Purple Fabric. This AI platform tackles problems like fragmented data and isolated systems. It also focuses on Ethical AI, dealing with data biases and providing a clear audit trail.

Purple Fabric is a cutting-edge AI platform that turns enterprise data into useful insights and solutions. It prepares data for advanced AI use and helps experts quickly create and deploy AI-driven solutions. The platform builds a knowledge base from 6 sources: structured and unstructured data, policies, market data, regulatory information, and expert knowledge.

This setup enables the AI system to deliver accurate, goal-focused results quickly. Purple Fabric also includes SWARM technology, which boosts efficiency using adaptive and responsive automation workflows.

Purple Fabric helps financial institutions align their AI goals with their current capabilities and follow a flexible transformation path. It features six main products: PF Imagine, which allows Product Managers to design and implement AI solutions independently; PF Govern, which ensures strong governance of Generative AI by addressing 14 key issues and managing data integrity and user policies; PF DIMS, which provides AI-driven document management through advanced technologies; PF Expert Agent, which creates autonomous AI-driven user experiences using diverse knowledge sources; PF Triad, which ensures unbiased decision-making by adhering to seven EU regulations; and PF LLM Benchmark, which evaluates AI models’ coding, reasoning, and language skills through various tests and competitions.

About Intellect Design Arena Ltd

Intellect Design Arena Ltd is a top financial technology company that offers advanced, flexible solutions to global financial institutions in 57 countries. Its leading platform, eMACH.ai, is known for its comprehensive and intelligent design, making it one of the best open finance platforms available.

On August 13, 2024, Intellect Design Arena Ltd’s share price opened at ₹922.25, touching the day’s low at ₹946.75, as of 11:27 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.