K&H: an exemplary alliance in the field of artificial intelligence development
The research cooperation agreement signed today by the representatives of the University of Szeged and the K&H Group aims at a more thorough understanding of the functioning of natural human speech. The goal of the research collaboration is to refine and integrate natural language understanding for a digital assistant powered by artificial intelligence (AI) available to all K&H customers.
In Szeged, Dr. László Rovó, rector of the University of Szeged, and Zsolt Vadócz, head of K&H digital developments, signed the research cooperation agreement that contributes to the improvement of the digital financial assistant operated by the financial institution.
In the fall of 2022, K&H launched Kate, the artificial intelligence-based digital financial assistant, in its mobile bank, which in less than a year has developed to such a level that from the end of 2023 it can also carry out transactions based on verbal instructions. 620,000 of K&H’s clientele have now met Kate, 320,000 initiated a conversation with her, and 10 percent of customers already use it on a monthly basis.
Related news
GVH: The application of artificial intelligence can increase the competitiveness of Hungarian enterprises
The rapid spread of artificial intelligence (AI) technologies, or if…
Read more >The work of green space maintainers is already supported by AI
Thanks to a new AI-based development, we can not only…
Read more >Co-op fights £40m shoplifting losses with AI-powered security
Co-op is now using artificial intelligence to detect offenders carrying…
Read more >Related news
Farmers can get information on the spot, in person
In October-November, Biokontroll Hungária Nonprofit Kft. organizes a cross-country tour…
Read more >Food Packaging Should Have Labels On Front About Health Impact, Says WHO
Packaged food and drinks should have easy-to-read nutritional information on…
Read more >Lidl’s Scan&Go is coming – with payment at self-checkout
After years of testing different systems and processes in Portugal,…
Read more >