IntellectAI, a unit of Intellect Design Arena Ltd, has unveiled Purple Fabric, an advanced AI platform designed to accelerate AI adoption in financial institutions. Building on the eMACH.ai framework, Purple Fabric moves beyond basic automation to provide Enterprise Connected Intelligence, helping FIs achieve significant business impact.
Addressing challenges with traditional AI integration and data fragmentation, Purple Fabric uses Intellect’s extensive domain expertise to offer a solution that emphasizes Ethical AI and includes comprehensive audit trails.
It transforms enterprise data into actionable insights by making it Retrieval-Augmented Generation (RAG)-ready and supports the rapid development of AI solutions. The platform also features SWARM capabilities for adaptive workflow automation, enhancing efficiency and accuracy in decision-making.
The platform features six key products: PF Imagine, which enables Product Managers to independently build and implement AI use cases; PF Govern, which ensures Generative AI adheres to strict governance standards and provides audit capabilities; PF DIMS, which offers AI-based document intelligence through APIs; PF Expert Agent, which drives actionable insights and supports autonomous user journeys; PF Triad, which ensures unbiased decision-making by complying with seven EU regulations; and PF LLM Benchmark, which evaluates LLM performance through various assessments.
According to Banesh Prabhu, CEO of IntellectAI, “Purple Fabric is a productivity powerhouse that empowers financial institutions to seamlessly integrate AI, achieving remarkable accuracy, speed, and efficiency while navigating the financial landscape with ethical considerations.”