Metaverse: Kiaverse is India’s first banking metaverse: How it will work for banks, users – Times of India

metaverse There is a lot of talk these days in Tech Town. Everyone from Big Tech to startups wants to have a knack for it. Digital solutions provider Kiya.ai has ambitious plans and announced India’s first banking metaverse. kivarse Provides meaningful applications in the metaverse that are applicable to relevant business use cases in the real world. This will enable banks to harness the potential of advanced UX for data visualization and simplification of processes and procedures to bring in the best results,” says Kiya.ai MD & CEO Rajesh Mirjankar, Kiya.ai is working with financial institutions and governments to deliver digital solutions in areas including financial services and digital payments. So this is not a new domain but the playing field is definitely new.

How will the banking metaverse work for banks?

Although it is a long-term game, Kiaverse initially wants to help banks expand their metaverse for customers and employees. Services provided will include Peer Avatar, RoboAdvisor and Relationship Manager. Relying heavily on Web 3.0, Kyverse wants to include tokens and NFTs as well. mirjankar is notThe skepticism surrounding Web 3.0 didn’t deviate from the idea. The advent of 5G, IoT will be a major enabler for the banking metaverse. Kiyaverse wants to introduce haptics-enabled headsets – much like Oculus devices – that will help deliver a sense of ‘real’ interactions in the banking metaverse.

How will banking users benefit from Metaverse?

It will all start with creating personalized avatars for the customers. These avatars will be available on mobiles, laptops, VR headsets. Mirjankar is confident that as mixed reality becomes more mainstream, it will have a positive impact on Kyvers. Kiya.ai seeks to get banking services in the virtual world. Users will be able to interact with their relationship managers. AI-based digital interactions will be an important part of the banking metaverse. Users will also be able to access solutions like portfolio analysis, loan details and wealth management.

Will the Banking Metaverse Work?

It’s still very early days in the world of the Metaverse and it’s dependent on a lot of factors. Educating users about this will be a challenge as there will be resistance to change. Early adopters like Kiya.ai are confident they will be able to deliver. Whether this works or not remains to be seen.