Setu Unveils Sesame: India's First BFSI-Specific Large Language Model
| Aspect | Details |
|---|---|
| Company | Setu, a fintech company under the Pine Labs Group. |
| Product | Sesame, India's first LLM for the BFSI sector. |
| Developed in Collaboration | Sarvam AI, an indigenous AI research firm. |
| Event of Launch | Adbhut India, organized by People+ai. |
| Key Attendees | Nandan Nilekani, Shankar Maruwada, Tanuj Bhojwani. |
| Key Features | Credit underwriting, fraud detection, loan monitoring, upselling, personal finance advisory. |
| Data Utilization | Leverages India's digital infrastructure for compliant financial data usage. |
| Founders of Sarvam AI | Vivek Raghavan and Pratyush Kumar (formerly of AI4Bharat). |
| Funding for Sarvam AI | $41 million from Lightspeed. |
| Setu's Founding | Founded in 2018 by Sahil Kini and Nikhil Kumar. |
| Setu's Operations | API infrastructure provider for bill payments, savings, credit, and payments. |
| Objective | Enable smarter credit decisions and hyper-personalized financial services. |