In this initial booming stage of the Metaverse, there is one country that is pioneering the incorporation of metaverse into multiple of its industries. It is none other than India where Kiya.ai, a Mumbai-based global fintech firm, unveiled the country’s first-ever banking metaverse: the Kiyaverse.
According to the press release, “Kiyaverse pioneers use cases of merging real-world banking with Metaverse banking through an avatar (virtual humanoid) based interaction”.
In the initial phase rollout, Kiyaverse will allow banks to extend their own Metaverse for clients, partners, and staff, via services that comprise Relationship Manager & Peer Avatars and Robo-advisors.
Kiya.ai’s MD and CEO Rajesh Mirjankar, stated “Kiyaverse offers meaningful applications in the Metaverse that apply to relevant business use cases in the real world. It will enable banks to harness the potential of enhanced UX to bring out the best outcomes for data visualization and gamification of processes and procedures.”
Kiya.ai intends to enable NFTs as tokens and CBDCs for transactions in the upcoming stages of its rollout so as to enable open finance in the Web3 realm.
Kiyaverse will also interface its open API connections with aggregators and portals to develop a banking app and a marketplace in the platform.
Kiyaverse will give a near-real-world interaction with the advent of Haptics enabled Headsets. Users will be able to use their custom avatars on digital banking devices, mobile phones, laptops, virtual reality headsets, and mixed reality environments thanks to Kiyaverse.
The platform will be trying to enable a smooth virtual banking experience to its customers by enabling AI-based digital customer interaction, interacting with a relationship manager’s avatar creation and customisation, portfolio analysis, wealth management, co-lending, and corporate banking.
It also offers 3-dimensional analysis of data for banks including CMO Insights, Product Performance, Risk Analysis and Channel Analytics.
“Kiyaverse provides cross-functional multi-experience using personalized avatars across real world, mixed reality & virtual reality environments. Our product roadmap includes integration with CBDC and interoperability with other Metaverses to enable open finance in the Metaverse,” Rajesh Mirjankar added.
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