BITS Pilani partners with Impactsure Technologies to drive cutting-edge AI research in banking and finance

Hyderabad: BITS Pilani on Tuesday said it has entered into a strategic partnership to pursue cutting-edge artificial intelligence research, particularly in the banking and finance sector, with Impactsure Technologies Private Limited to develop advanced software solutions using large and small language models.

The partnership will leverage BITS Pilani’s research potential and Impactsure’s innovative AI/ML technologies to create advanced analytical and document processing solutions.

“It will connect academia and industry, creating an environment for technological breakthroughs. Students and faculty will also benefit from the opportunity to engage in projects with Impactsure, which will further expand the scope of research,” said a BITS representative.

The signing ceremony was attended by key dignitaries, including prof. Soumyo Mukherji, Director, BITS Pilani Hyderabad Campus, Col. Soumyabrata Chakraborty, Secretary, BITS Pilani and Dharmarajan Sankara Subrahmanian, Founder and CEO, Impactsure, a BITS Pilani alumnus.

Commenting on the collaboration, Dharmarajan expressed pride in returning to his alma mater as part of this initiative, emphasizing the company’s focus on intelligent and insightful information processing. Prof. Mukherji stressed the importance of such partnerships in pushing the boundaries of research and innovation.

The collaboration is expected to have a significant impact on the way enterprises, especially in the BFSI sector, deal with information, analytics and digital transformation.