On 27 August 2024, JurisTech organised the GenAI Innovation Nexus: Redefining The Future of Lending at Connexion’s Conference and Event Centre in Kuala Lumpur to introduce its new AI solutions. The event brought together industry leaders from the banking and financial sector to explore the transformative power of Generative AI (GenAI) in financial services.

The event kicked off with a powerful keynote speech given by JurisTech’s esteemed CEO, See Wai Hun, highlighting the rapid adoption of GenAI tools among knowledge workers, marking a major shift in the financial industry. An insightful presentation was then shared by See Wai Hun, alongside JurisTech’s Head of Marketing and Communications, Laura Tsen, discussing how GenAI can significantly boost productivity and streamline enterprise operations. 

Wai Hun also directly addressed the pressing concerns of bankers, particularly around data security and privacy—critical issues in a highly regulated industry like banking and finance. She reassured the audience that JurisTech’s solutions are designed with robust security measures, ensuring that data is handled with the utmost care and compliance with industry standards. The presentation also touched on the challenges of domain-specific expertise, managing complex data, and the importance of sustainability and scalability in AI implementation.

JurisTech’s CEO, See Wai Hun, and Head of Marketing & Communications, Laura Tsen, delivering the keynote presentation. 

A major highlight of the event was the introduction of JurisTech’s Enterprise Ready Architecture (ERA), dubbed Juris.AI, a new framework designed to help integrate GenAI into existing systems smoothly. Juris.AI’s focus on intelligent data processing and retrieval is set to change how lenders operate, enabling them to make the most of GenAI while ensuring data integrity and security.

The Juris.AI suite was presented as a crucial tool for modern lenders, offering solutions that improve loan management, credit assessment, and pre-screening for retail and commercial lending.

• Juris CaptureCraft: Transforms data collection and processing, providing lenders with accurate, timely information.
• Juris DecisionCraft: Uses advanced algorithms to enhance credit assessments and improve risk management.
• Juris Mindcraft: Focuses on predictive analytics, helping organisations anticipate market trends and customer needs.
• Juris AICraft: A Composite AI platform that integrates diverse AI capabilities such as GenAI to deliver tailored solutions for evolving business needs.

“With Juris.AI, we are shifting from decision-making based on hindsight to foresight.” – See Wai Hun, CEO of JurisTech

JurisTech’s Presales Consultant, May Tang, took to the stage to deliver a live demo of Juris AICraft, showcasing its capabilities through an AI-generated credit proposal. The audience was impressed by how effortlessly Juris AICraft compiled a comprehensive proposal, including a company’s overview, financial summary, risk assessment, and recommendations. This was achieved by analysing available documents in any format and conducting additional online research.

JurisTech’s Presales Consultant, May Tang, delivering a live AI Credit Proposal demo using Juris AICraft. 

The audience was then invited to a breakout session, where JurisTech’s Presales Team gave separate presentations on GenAI’s use cases in pre-screening for retail and commercial lending, natural language query (NLQ), and policy compliance. These presentations have been instrumental in helping banks frame relevant use cases, leading to increased productivity and operational efficiency. For more information on the use cases of GenAI, please visit Juris AICraft’s webpage.

Audience members gathering at one of the booths to learn more about the use cases of Juris AICraft. 

The event also included an interactive brainwriting session, where leading professionals from the banking and financial sectors came together to discuss current issues faced by their companies in lending, and brainstorming solutions to these problems. This session highlighted the importance of collaboration in tackling the industry’s biggest challenges.

Wai Hun facilitating the brainwriting session with our esteemed guests. 

Laura closed the event by extending a free innovation workshop, designed to help organisations explore the full potential of the Juris.AI suite. While the free innovation workshop announced at the event is no longer available, organisations interested in exploring the full potential of the Juris.AI suite are encouraged to reach out to us for a complimentary demo.

As the lending landscape continues to evolve, the impact of GenAI is profound. Companies that adopt these technologies can expect to see improved customer experiences and operational efficiencies. However, it’s crucial to address the ethical challenges that come with AI. The GenAI Innovation Nexus called on the industry to take advantage of the opportunities presented by AI. With Juris.AI leading the way, the future of lending is already here, driven by Generative AI.

If your business is interested in a complimentary demo of our AI solutions, or if you have a specific use case you’d like to discuss, please don’t hesitate to contact us at contact@juristech.net. We’re here to help you explore how Juris.AI can transform your operations.

About JurisTech

JurisTech is a global leading lending and recovery software solutions provider, specialising in enterprise-class software for banks, financial institutions, telecommunications, and automobile companies worldwide.

We power economies by reimagining financial services with cutting-edge software solutions, leveraging composable architecture and generative AI. Our offerings include artificial intelligence (AI), auto-decisioning, digital customer onboarding, loan origination, credit scoring, loan documentation, litigation, and debt collection.

Our solutions have enabled businesses across a broad array of industries to undergo digital transformation, providing enhanced customer experiences and, most importantly, achieving their business goals.