Provectus Achieves AWS Financial Services Competency to Help Organizations Accelerate AI Transformation

Author:
Provectus, AI-first consultancy and solutions provider

PALO ALTO, November 26, 2024 — Provectus, an AI consultancy and solutions provider based in Silicon Valley, announced today that it has achieved Amazon Web Services (AWS) Financial Services Competency status. This competency recognizes Provectus as an AWS Partner that helps financial organizations streamline and scale their digital and AI transformation initiatives using AWS technologies.

Digital and AI transformations enable financial organizations to unlock billions in value by driving innovation in areas like risk management, fraud detection, and personalized customer experiences. Achieving AWS Generative AI Competency differentiates Provectus as an AWS Partner with demonstrated technical proficiency and proven customer success in delivering specialized solutions for the financial services industry. Provectus enables financial organizations to harness AWS to accelerate innovation, realize business value, and achieve success in the digital landscape.

“Achieving the AWS Financial Services Competency underscores our unwavering dedication to empowering financial institutions through the transformative potential of AI and cloud technologies. Our mission is to help financial organizations redefine their operations and deliver unparalleled value to their customers,” shares Oleg Blokhin, Global Head of Financial Services Practice at Provectus. “With our deep expertise in artificial intelligence, machine learning, and generative AI, coupled with AWS’ powerful cloud infrastructure, we’re creating innovative solutions tailored to the unique challenges of the financial services sector.”

This achievement builds upon Provectus’ existing relationship with AWS, adding to our list of specializations, including AWS Premier Tier Partner status and competencies in Generative AI, Machine Learning, Data & Analytics, DevOps, and Migration and Modernization. This recognition demonstrates Provectus’ comprehensive capabilities in delivering cutting-edge solutions across various domains.

Provectus empowers financial organizations to modernize operations through AI/ML- & GenAI-powered solutions for auditing, claims processing, insurance underwriting, risk assessment, document management, and more. The company’s track record includes successful implementations that have improved operational efficiency for financial organizations.

“Partnering with Provectus has transformed the way we operate,” says David Fuge, CIO at Johnson Lambert LLP. “Since we have reinvented our auditing process with generative AI, we have seen a 50% reduction in document processing time. The Provectus GenAI solution has delivered significant time savings, minimized errors, and enhanced data security, allowing us to shift from tedious manual tasks to delivering impactful solutions for our clients.”

Provectus is proud to have achieved AWS Financial Services Competency, further strengthening our commitment to delivering value to our customers and partners. Building on our partnership with AWS, Provectus continues to harness the power of AI/ML and generative AI to redefine how financial organizations operate, compete, and create value for their customers.

The AWS Competency Program assists customers in connecting with AWS Partners who possess extensive knowledge and technical expertise in AWS technologies and best practices. AWS competency helps to drive digital and AI transformations in the financial services industry. AWS Partners facilitate the seamless integration and deployment of AWS-based solutions, meeting the unique needs of all customers, from startups to global enterprises.

About Provectus

Provectus is an Artificial Intelligence consultancy and solutions provider, helping companies in Healthcare & Life Sciences, Retail & CPG, Media & Entertainment, Manufacturing, and Internet businesses achieve their objectives through AI. Provectus is headquartered in San Francisco, California. For more information, visit provectus.com.