Business

New Turkish LLM by Commencis Targets Banking and Financial Services

Published

6m ago

May 15, 2024 / 6512 Views

Evan Walker

Utilising advanced GPUs and tailored datasets, the Commencis LLM is noted for its superior Turkish language capabilities and its bespoke options for the financial industry. The scalability of the model extends to aviation, insurance, and telecommunications industries. It is crafted to improve user experiences and operational efficiencies, built to the highest standards of security, and provides on-prem installations for superior data privacy.

Commencis, an innovator in digital transformation Technology, has introduced its latest Turkish-specific large language model (LLM) for banking and financial services. The model, which has been trained with custom datasets to specifically address the needs of these sectors, automates customer service, content creation, and data analysis for both users and clients.

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.