Mumbai-based fintech platform Kiya.ai launches India’s first banking metaverse Kiyaverse
- ByStartupStory | June 6, 2022
Kiyaverse, India’s first banking Metaverse, has been developed by Kiya.ai, a Mumbai-based fintech firm, and will be utilised by banks and non-banking financing firms (NBFCs) to facilitate virtual interactions. Kiyaverse will be launched in stages. The banking Metaverse’s initial phase will include services such as virtual relationship managers, peer avatars, and virtual advisers known as Robo-advisors.
Kiya.ai intends to use NFTs as tokens and enable central bank digital currencies (CBDCs) for transactions in the coming phases. Kiyaverse will also interface open API connections with aggregators and gateways, according to the business, creating a banking super app and a marketplace in the Kiyaverse. Tata Digital’s flagship mega app Tata Neu is one of the most popular examples of a comparable deployment of API connectors. Kiyaverse will give a near-real-world engagement experience in the future, according to Kiya.ai, combining haptics-enabled headgear and the internet of senses.
Rajesh Mirjankar, CEO and MD of Kiya.ai stated that Kiyaverse delivers significant Metaverse applications that relate to relevant business use cases in the real world. He went on to say that the Kiyaverse makes use of customised avatars to enable banking in the real world, mixed reality, and virtual reality. To allow open banking in the Metaverse, our product roadmap includes integration with CBDC and interoperability with other Metaverses.
Kiya.ai is a fintech firm that offers banks and NBFCs solutions in financial services, digital payments, governance, risk, and compliance. It was founded in 1995. Omnichannel banking, robotic process automation (RPA), and data analytics are just a few of the options available.
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