Pixl.ai aims to provide quality, cost-efficient, and sustainable service as it expands into other various areas in the market.
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Pixl.ai(PixDynamics) is a Kerala, India based startup and it is on a mission to empower enterprises to improve revenue, reduce costs & improve productivity with Artificial Intelligence (AI) Algorithms and Natural Language Processing (NLP) technologies. They have recently won the Technical Innovation Award at Technoviti 2021, organised by banking Frontiers and Ernest and Young.
Pixl.ai is a group of talented people lead by Arun P and Nithin Varghese. Arun, Co-Founder and CEO of Pixl.ai is a technology lover and AI enthusiast. He has a background of over 16 years in the IT industry and became familiar with several ever-changing technologies over time. Nithin Varghese is the chief expert in all things AI at Pixl.ai. According to Nithin, the three major lessons the company has learned from its presence in the industry are: never stop learning, innovation is essential and, keep researching.
The company started as a data analysis organisation in 2018, and one of its clients was facing issues in meeting the RBI Compliance regarding customer document submission to CERSAI. During that time, the company learnt about the in and outs of various workflows in the system and the inefficiencies slowing down the existing solutions. . They were only able to provide 80% accuracy and this lead to a huge dependency on human resources. At times, client employees were forced to manually collect and validate the data before submitting it to CERSAI. The company was able to provide a better solution that automated all the processes within the system, cut down the cost by one-fourth and achieve 99% accuracy in extracting the required data even from low-quality images/documents. This lead to their USP, the CKYC Management System.
Having a great customer onboarding experience is one of the key pillars for the growth of any financial institution and has the power to increase conversions, improve banks’ reputations, and boost efficiencies. To be able to successfully do this, even in the aftermath of the pandemic and lockdown pressures, every financial institution needs to rethink its onboarding software in a way that’s built for digital from the ground up and Pixl’s Video KYC solution can guarantee a seamless customer onboarding experience. Their other mainstream products are Aadhaar Masker, Document classifier and extractor, Intelligent Document reader, Signature verification, AI-based Video Surveillance system.
The company is looking towards expanding its horizons and pave its way to be one of the leading AI-powered FinTech companies in the world. Pixl.ai aims to provide quality, cost-efficient, and sustainable service as it expands into other various areas in the market.