Columnist24 is an online news website that provides the latest breaking news and in-depth analysis on a variety of topics, including politics, business, technology, sports, and entertainment. Our team of experienced journalists and writers is committed to delivering unbiased and accurate news coverage from around the world. With a focus on quality journalism, we strive to provide our readers with the information they need to make informed decisions about the issues that matter most to them. Whether you're looking for breaking news updates, insightful commentary, or in-depth reporting, Columnist24 has you covered.

New Turkish-Specific LLM Launched by Commencis for Finance and Banking Services

Harnessing state-of-the-art GPUs and bespoke datasets, Commencis LLM features top-tier Turkish language capabilities and is customised for the financial sector. This model is scalable across various other industries, including aviation, insurance, and telecommunications. Constructed to improve user experience and enhance operational efficiency, the LLM meets rigorous security standards and supports on-prem installations to ensure optimal data privacy.

As a vanguard in digital transformation technologies, Commencis has released a Turkish-specific large language model (LLM) designed for the banking and financial services sectors. Trained with customised datasets to cater to these specific areas, the model is crafted to automate customer service, generate targeted content, and analyse data efficiently for both users and clientele.

Commencis LLM was developed using sector-specific needs and customizable data sets and has the capability to improve user experience in critical functions such as live support and data analysis. The model’s versatility allows it to be customized and adapted across other sectors including aviation, insurance, and telecommunications, in addition to banking and finance. Developed to the highest privacy and security standards, the Language Model comes with an on-prem installation option, allowing companies to use Commencis LLM with full security within their own infrastructure.

Language model with highly advanced Turkish language skills

Commencis LLM is the product of extensive research and data production and training activities on language models such as Llama 2, Mistral, Zephyr, and OpenChat 3.5. During its development, the Commencis engineering team executed extensive optimization on Amazon Web Services’ high-performance GPUs (graphics processing units) over three months. As a result, a language model with highly advanced Turkish language skills emerged, capable of supporting an AI based chat assistant that can respond to user requests and handle question-answer capabilities in various fields, particularly in banking and finance.

Firat Isbecer, Co-founder and CEO of Commencis, said, “With over 20 years of experience in the industry, we have collaborated with leading banks and financial services providers to create some outstanding digital success stories.” 

Reducing costs for financial services providers

“Commencis LLM is designed to bring its depth of understanding and interaction capabilities to bear on providing a better customer experience and to increase the speed of problem-solving in financial services. This will help both reduce costs and improve the quality of current digital services offerings at banks. Looking ahead, our focus will be on helping our clients increase customer loyalty and on providing them with a competitive advantage through hyper-personalization and rapid response technologies,” Isbecer added.

Commencis is a leading provider of the latest technologies in digital banking products, payment, identity verification, and end-to-end customer experience solutions in the financial services industry. The use of artificial intelligence will enable companies to gain a better understanding of customer behaviors, enable the offering of more personalized services, further automate transaction processes, and enhance security measures.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts