Latest news with #Lyzr
Associated Press
29-07-2025
- Business
- Associated Press
Lyzr Achieves AWS Generative AI Competency for Enterprise-Ready AI Agents
NEW JERSEY, NJ, UNITED STATES, July 29, 2025 / / -- Lyzr, the low-code AI agent framework purpose-built for enterprise use cases, announced that it has achieved the AWS Generative AI Competency. This designation recognizes Lyzr as an AWS Partner that has demonstrated deep technical expertise and customer success in building and deploying generative AI solutions using Amazon Web Services (AWS). Lyzr is the first AI agent framework to receive this distinction, marking a significant milestone for organizations looking to bring agentic AI into their AWS ecosystems. The AWS Generative AI Competency differentiates Lyzr as an AWS Partner with proven proficiency in supporting enterprises with ready-to-use AI agents. These agents are designed for production use from day one, no model purchases, no complex configuration, and no lengthy deployment cycles. By offering prebuilt, no-code agents through the AWS Marketplace, Lyzr enables AWS customers to move faster with generative AI and integrate intelligence directly into their workflows with minimal lift. Helping Enterprises Deploy AI Agents with Speed and Simplicity As enterprises adopt generative AI at scale, the need for reliable, secure, and enterprise-ready agent frameworks has become more urgent. Lyzr addresses this by giving AWS customers access to a wide range of agent templates across functions like sales, marketing, HR, customer service, banking and insurance. These agents can be easily deployed, customized, and monitored, all without the need for managing infrastructure or dealing with model-level complexity. The competency recognition also validates Lyzr's role in supporting AWS customers across industries as they move from experimentation to real-world deployment. Many organizations struggle to operationalize generative AI due to infrastructure constraints, safety concerns, or lack of in-house expertise. Lyzr solves these problems by abstracting the complexity behind agent orchestration, routing, state management, and model integration. The result is a reliable framework that simplifies AI adoption while aligning with AWS's high standards for scalability and security. With the AWS Generative AI Competency, Lyzr joins a select group of partners helping enterprises build and deploy generative AI applications with confidence. This designation is awarded only to AWS Partners who have met rigorous technical validation and demonstrated success in helping customers achieve real business outcomes through generative AI. By offering its agent framework directly through the AWS Marketplace, Lyzr helps organizations shorten the path from idea to execution. Enterprises can now add generative AI capabilities to their existing AWS environments without requiring additional procurement cycles, vendor approvals, or complex integration work. The framework supports major LLM provider Amazon Bedrock and supports LLM models such as Nova Micro, Nova Lite, Nova Pro and other Claude & Llama models giving teams the ability to scale usage with enterprise-grade controls. The AWS Competency Program is designed to help customers identify AWS Partners with proven technical expertise and a track record of customer success. Lyzr's achievement of the AWS Generative AI Competency represents a major step forward in making Agentic AI accessible, safe, and production-ready for businesses of all sizes. As demand for automation and intelligence accelerates, Lyzr remains focused on helping AWS customers deploy generative AI with speed, clarity, and control. About Lyzr Founded in April 2023, Lyzr is dedicated to helping enterprises build and deploy reliable AI agents with a strong focus on privacy, scalability, and seamless integration. Backed by institutional investors, Lyzr serves over 400 clients, key clients include, AirAsia, Nelson Global, Accenture and Dairyland Power. Its solutions portfolio spans AI and vertical AI agents tailored for banking and insurance, driving efficiency in automation and decision-making processes. Anirudh Narayan Lyzr AI email us here Visit us on social media: LinkedIn YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
20-06-2025
- Business
- Yahoo
Fintech startups offer banks tools to harness agentic AI
The next wave of artificial intelligence is reimagining business, with fintech startups developing products to ease workflow and back-office processes and helping financial institutions manage compliance and security. As banks and fintechs are looking to agentic AI to solve pain points or automate their workflows, the latest crop of fintech startups in the Fintech Innovation Lab are working to build those tools. "Almost all of this year's class, selected by our financial services partners, are using AI to improve internal operations, technology, deployment, data usage, compliance and security," said Maria Gotsch, president of the Partnership Fund for New York City. "They represent the next frontier in New York's fintech sector, which is becoming the epicenter for the application of AI within financial services." New York has emerged as a global leader in fintech investment, with 30% of investment in 2024 going to firms headquartered in the city. According to research from JPMorgan Chase's workplace solutions unit, New York fintechs snapped up $5.6 billion of the $18.8 billion invested that year. One of the startups showcased in New York, Lyzr, is offering users both pre-built AI agents for banking jobs such as refund management, regulatory monitoring and teller assistance. If one of Lyzr's pre-built agents isn't a good fit for a bank, the fintech offers a platform called Agent Studio for firms to build customized agents on their own without having to write the code. Lyzr also embedded responsibility and hallucination management modules within its core agent-building platform to bolster AI agent effectiveness. Another featured fintech, monitors blockchain and cryptocurrency transactions for potential fraud or money laundering using agentic AI software. Currently used for financial crime investigations by regulatory agencies such as the Financial Crimes Enforcement Network and the Securities and Exchange Commission, is expanding to the broader financial services market so banks can monitor their own transactions for AML compliance. The Fintech Innovation Lab is an annual 12-week accelerator program founded and run by Accenture and the Partnership Fund for New York City. This year, BNY's Manhattan office hosted the Fintech Innovation Lab's in-person presentations and demonstrations. The fintechs presented their solutions to investors and executives across the financial services industry as a "graduation" from the program. "The nature of the kinds of fintech participants in this demo day have kind of evolved over time, and today it's almost uniquely focused on AI and agentic AI," Marianna Lopert-Schaye, global head of Strategic Partnerships, Investments & Innovation at BNY, told American Banker. "It's a core focus of innovation for most of the banking and financial services industry in New York. It's not surprising to me that the selection process has really been looking for who are some of the most innovative, relevant startups in that space." Accenture, one of the primary sponsors of the accelerator, focused on bringing agentic AI startups into this year's cohort to help banks narrow their focus in searching for AI partners. "We really believe that, based on our research, generative AI has the potential to transform the financial services industry more than any other industry," said Leo Framil, Accenture's U.S. client lead for financial services. "We are in a very important moment for the industry, and the winners will be the institutions that are able to understand, implement and scale AI innovation."
Associated Press
09-04-2025
- Business
- Associated Press
Lyzr AI joins Fintech Innovation Lab, New York for accelerating AI Agent adoption in Financial Services
NEW JERSEY, NJ, UNITED STATES, April 9, 2025 / / -- Lyzr AI has been selected as the top emerging technology company to join the 2025 FinTech Innovation Lab New York, a prestigious accelerator program run by Accenture and the Partnership Fund for New York City. This 12-week initiative brings together financial institutions and technology innovators to drive advancements in financial services. As an enterprise-focused AI company, Lyzr AI leverages this platform to refine agentic AI solutions that enhance automation, governance, and efficiency across banking, insurance, and asset management. This selection marks a significant milestone for Lyzr AI, reinforcing its focus on Safe AI and Responsible AI agents designed for banks, insurance providers, and financial institutions. As financial services increasingly embrace AI-driven automation, Lyzr's inclusion in the program enables deeper collaboration with 140+ leading financial organizations. Accelerating AI-Driven Innovation in Financial Services The 2025 FinTech Innovation Lab New York cohort highlights the financial industry's increasing focus on agentic AI applications, advanced AI architectures designed to automate and orchestrate complex business workflows. These AI-driven solutions are transforming financial operations, enhancing risk management, streamlining compliance, and improving customer engagement. Lyzr AI's expertise in building enterprise-ready AI agents aligns with this shift, offering financial institutions pre-built agent blueprints to accelerate AI adoption securely and efficiently. Since its inception in 2010, the FinTech Innovation Lab New York has fostered the development of innovative solutions across banking, insurance, and asset management. From AI-driven risk assessment to automated compliance monitoring, participating companies have introduced technologies that enhance operational efficiency and decision-making. Collectively, past participants have secured nearly $3 billion in venture financing, with 31 companies successfully acquired, demonstrating the program's role in accelerating fintech innovation and scaling high-impact solutions. With the rise of agentic AI, there is an opportunity to further elevate these solutions by enabling AI agents to not only analyze data but also take intelligent actions in real time. Lyzr's approach to safe and responsible AI agents aligns with this evolution, providing financial institutions with scalable, governable AI-driven automation. Lyzr AI's participation strengthens its commitment to shaping the future of AI-driven financial automation. By leveraging its proprietary Lyzr Agent Studio, the company is enabling financial institutions to deploy AI agents that improve customer support, fraud detection, regulatory compliance, and operational efficiency. The program will further support Lyzr in refining its AI models to address the unique challenges of the financial sector, ensuring governance, security, and cost-effective adoption. As financial institutions and fintech companies accelerate their adoption of AI-driven automation, the demand for intelligent, scalable solutions continues to grow. Lyzr AI is addressing this need by advancing agentic AI, enabling businesses to enhance decision-making, optimize financial workflows, and automate key operations. For fintech startups, this presents an opportunity to integrate AI-driven compliance, risk assessment, and customer engagement solutions—allowing them to scale efficiently while ensuring security and regulatory compliance. About Lyzr Founded in April 2023, Lyzr is dedicated to helping enterprises build and deploy reliable AI agents with a strong focus on privacy, scalability, and seamless integration. Backed by institutional investors, Lyzr serves over 400 clients, key clients include NTT Data, AirAsia, Nelson Global, Accenture and Dairyland Power. Its solutions portfolio spans AI and vertical AI agents tailored for banking and insurance, driving efficiency in automation and decision-making processes. Lyzr has raised a total funding of $2.9M over 2 rounds. Lyzr is headquartered in New York, with locations in San Francisco and Bangalore. X LinkedIn YouTube Legal Disclaimer:
Associated Press
23-02-2025
- Business
- Associated Press
Lyzr Launches 2nd AI Agent under Banking suite: Teller Assistance Agent
/ -- Lyzr, an enterprise AI platform focused on Safe and Responsible AI, has announced the launch of the Teller Assistance Agent, an AI-driven solution designed to help bank tellers retrieve real-time information instantly during customer interactions. Banks continue to face challenges with teller efficiency due to a combination of demand-supply imbalances, customer service complexities, and stringent regulatory requirements. Tellers often spend nearly 40% of customer interaction time searching for information, which impacts productivity and service quality. With an estimated 1,200 tellers in a 200-branch bank spending over 4,480 hours daily on information retrieval, the financial impact is significant—amounting to approximately $21 million in operational costs. The Teller Assistance Agent addresses this challenge by reducing search time by 80%, resulting in an estimated $17 million in annual savings. The AI agent actively listens to customer-teller conversations and retrieves relevant information from the bank's knowledge base in real time. Branch managers can ensure consistency across tellers by standardizing information delivery, reducing the risk of misinformation. Customer support teams also benefit by efficiently handling in-person inquiries, minimizing unnecessary escalations and improving overall service quality. By presenting answers proactively, tellers can respond to customer queries instantly, enhancing service efficiency and regulatory compliance. By ensuring all tellers provide consistent and regulation-compliant answers, the solution minimizes discrepancies in customer interactions and strengthens adherence to banking policies. Additionally, real-time guidance on banking procedures and product details supports teller training, reducing onboarding time and associated costs. The investment in Lyzr AI agents, cloud hosting, and database training remains under 10% of the total savings, making it a practical solution for mid-sized banks seeking to optimize service delivery. The Teller Assistance Agent is part of Lyzr's broader Banking Agent Hub initiative, which aims to automate key banking workflows. Alongside this launch, Lyzr has also introduced the Customer Service Agent, a fully autonomous solution for enhancing customer support efficiency. The Banking Agent Hub will continue to expand, offering AI-driven solutions tailored for enterprises looking to optimize operations and elevate customer experience. About Lyzr Founded in April 2023, Lyzr is dedicated to helping enterprises build and deploy reliable AI agents with a strong focus on privacy, scalability, and seamless integration. Backed by institutional investors, Lyzr serves over 400 clients, key clients include NTT Data, AirAsia, Nelson Global, Accenture, Dairyland Power, and Marubeni. Its solutions portfolio spans AI and vertical AI agents tailored for banking and insurance, driving efficiency in automation and decision-making processes. Lyzr is headquartered in New York, with locations in San Francisco and Bangalore. X LinkedIn YouTube Legal Disclaimer:
