Srinivas Njay, CEO and co-founder of Interface.ai, is a game-changer in the banking sector with an AI-powered virtual assistant. Underscoring the potential, power and reach of AI, Interface.ai has partnered with over 100 community banks and credit unions, serving up to 16 million customers with a limited founding capital of only $1 million.
Carefully developed over five years with co-founder Bruce Kim, this innovative technology assists customers in a myriad of banking services such as expense analysis, mortgage application assistance, and new credit card setup. By addressing common client issues, their technology ensures a user-friendly and efficient banking experience, keeping pace with dynamic changes in the financial environment.
The successful collaboration between Interface.ai, numerous credit unions and community banks has led to an impressive yearly revenue in the tens of millions, attracting the interest of more than 40 venture capitalists.
AI Assistant Propel Banking Industry Forward
This rich financial health has allowed the company to maintain independence and enhance its technological capabilities, without dismissing possible beneficial partnerships in line with their vision.
Initially creating financial bots for the Indian market in 2015, Interface.ai shifted focus to the US market in 2019 and has become a leading tech company in the cross-border fintech sector. Their considerable success and progress is attributed to their diverse India-US team which continues to innovate for the future of fintech.
While entering the US market, the company employed a cost-effective strategy, reaching smaller financial entities through collaborations with trade bodies such as America’s Credit Unions and Allied Solutions. This pay-per-success partnership has facilitated outreach to almost 95% of potential clients and reinforced a strong foothold in the US market.
Njay strongly believes in his product’s potential to reduce costs and enhance competitiveness in the banking sector. The company’s consistent upward trend and integration into various financial entities’ strategies affirm his belief and substantiate that Interface.ai’s product indeed provides a competitive edge.
