#Hong Kong #BEA #CLPS #Nibot

CLPS Incorporation and BEA Collaborate to Pilot Nibot

CLPS Incorporation (CLPS), a prominent player in digital transformation, is set to collaborate with The Bank of East Asia (BEA) in a groundbreaking initiative within the Hong Kong Monetary Authority's (HKMA) GenA.I. Sandbox. The aim is to conduct a Proof-of-Concept (PoC) for an innovative AI agent, dubbed Nibot, which intricately combines Robotic Process Automation (RPA) with Generative Artificial Intelligence (GenA.I.). This collaborative effort marks a significant advancement in the financial technology landscape, emphasizing the role of AI in revolutionizing banking operations.

The GenA.I. Sandbox serves as a platform where innovative financial technologies can be tested, supporting the digital transformation of the banking sector. CLPS and BEA's partnership reflects a synergy of technological expertise and banking acumen, aimed at addressing the increasing complexity of financial workflows. With a rich legacy in fintech solutions, CLPS intends to leverage its technological capabilities while BEA contributes its profound understanding of banking processes.

Enhancing Banking Operations through Nibot

Nibot is designed with advanced capabilities that cater to the demands of contemporary financial environments. Some of its notable features include:

• - Intelligent Process Generation and Optimization: This capability allows Nibot to automatically create and refine RPA workflows, embedding essential compliance policies and regulatory requirements seamlessly.

• - Automated Risk Monitoring Feedback: Nibot continuously monitors RPA processes, automatically identifying risks and providing real-time feedback to enhance the operational and maintenance processes of financial institutions.

• - AI Interactive Verification: By implementing a multi-agent collaboration mechanism, Nibot cross-verifies critical banking processes, significantly improving accuracy and reliability across workflows.

Executive Insights

Robin An, Vice President of CLPS, highlighted the partnership's role in transforming the vision of hyper automation into a reality. He stated, "Through the GenA.I. Sandbox, we aim to explore the full potential of Nibot to optimize financial workflows, enhance operational efficiency, and establish a future-ready intelligent risk control system."

On the other hand, Raymond Lin, the CEO of CLPS, emphasized the importance of continuous research and development in this project, asserting that the PoC will validate the Nibot concept within the GenA.I. Sandbox. He further reiterated CLPS's commitment to advancing digital transformation in organizations.

From BEA's perspective, Mourice Pang, Head of the Fintech Development Department, remarked that this collaboration symbolizes a pivotal shift towards reshaping banking operations utilizing advanced AI technologies. The bank leverages its expertise in the field and aligns it with CLPS’s technological prowess to create effective AI-driven tools, such as Nibot.

About CLPS Incorporation

Founded in 2005 and headquartered in Hong Kong, CLPS Incorporation stands at the forefront of promoting digital transformation across various industries. The company specializes in developing solutions that harness the power of artificial intelligence, cloud computing, and big data. Its diverse offerings span several sectors, including fintech, e-commerce, education, and global tourism.

Currently, CLPS operates in ten countries, with main hubs in Shanghai, Singapore, and California, and has established a robust global service network. This enables CLPS to assist legacy industries in transitioning to data-driven, intelligent ecosystems, supporting their synchronization with modern technological advancements.

In conclusion, the partnership between CLPS and BEA in exploring Nibot showcases a bold step toward the future of banking, where AI-driven processes can vastly improve operational efficiencies and redefine customer experiences. As the financial sector evolves, collaborations like these pave the way for innovative trends that prioritize compliance, risk management, and overall effectiveness in banking operations.