We’re thrilled to announce that Covecta has joined the NayaOne Tech Marketplace. This collaboration empowers financial institutions to unlock the full potential of AI, transforming workflows and driving value through Covecta’s advanced AI Agents. By simplifying complex AI deployment and maintenance, Covecta enables financial institutions to reimagine productivity helping them achieve revenue growth and enhance operational efficiency.
Addressing Core Challenges for Financial Institutions
The financial services sector faces mounting pressure to meet rising customer expectations for advanced products and faster service, but legacy systems often hinder innovation and delay solutions. Frontline teams spend up to 70% of their time on manual, repetitive tasks, leading to stagnant productivity, higher costs, and limited growth. While many institutions recognise the potential of AI, complexity and unclear objectives often stall adoption. Covecta addresses these challenges by providing AI Agents that automate time-intensive , mission critical activities, all through seamlessly integrated workflows, and enable frontline teams to focus on strategic initiatives. All of this unlocks front line productivity, which accelerates innovation, growth and customer satisfaction.
Covecta’s Solution: Transforming Productivity with AI Agents
Covecta’s AI Agents are designed to revolutionise frontline productivity by completing mission-critical activities, allowing teams to focus on high-value tasks. These agents understand the user’s priorities, behaviours, and workflows, seamlessly integrating into existing systems to deliver measurable outcomes.
Key features include:
- Document Analysis and Reconciliation: Automates manual document handling with speed and precision.
- Policy Mapping: Simplifies compliance and ensures streamlined regulatory processes.
- Dynamic Financial Modelling: Delivers AI-driven insights to support decision-making and forecasting.
- Internal and External Memos: Creates comprehensive memos in various formats to support team and client communications.
- Customised Workflow Automation: Users can configure agents via Covecta Studio to match their unique requirements, enabling tailored solutions for every team or user.
Covecta’s AI Agents can operate independently or within autonomous workflows, offering flexible deployment options that ensure seamless integration into existing processes.
Scott Wilson
Founder & CEO of Covecta
NayaOne has made innovation accessible to financial institutions. Now, NayaOne’s customers can access Covecta’s full offering via the marketplace. This partnership provides institutions with accelerated access to AI Agents purpose-built for the financial services sector, delivering immediate value and tangible outcomes.
Karan Jain
CEO of NayaOne
This partnership is about delivering measurable outcomes for our clients. By integrating Covecta’s AI Agents into NayaOne’s secure Sandbox-as-a-Service, financial institutions can unlock higher productivity, reduce operational bottlenecks, and accelerate time-to-value from AI deployments. Together, we are helping our clients enhance customer satisfaction and achieve sustainable growth in a competitive market.
Case Study: Transforming Productivity in Financial Services
Corporate banks and investment managers leveraging Covecta’s AI Agents have experienced tangible success, including:
- Increased Revenue Growth: Accelerated activity completion and enhanced customer engagement directly impact growth metrics.
- Reduced Cost to Serve: Automated processes reduce the operational burden on frontline teams.
- Higher Employee Satisfaction: With Covecta’s Agents handling manual tasks, employees can focus on what matters improving workplace morale.
- Productivity Uplift: Covecta delivers a 15 - 25% productivity gain for frontline teams by unlocking time spent on repetitive activities.
These outcomes highlight Covecta’s potential to deliver both immediate and long-term value for financial institutions seeking growth and efficiency.
Partnership Benefits
This collaboration combines NayaOne’s industry-leading Sandbox-as-a-Service with Covecta’s advanced AI capabilities, enabling financial institutions and large enterprises to rapidly test, integrate, and scale AI solutions tailored to their needs. Together, Covecta and NayaOne deliver:
- Boosted Operational Efficiency: Automate manual tasks to optimise workflows and reduce processing times.
- Increased Revenue Potential: Drive customer engagement and capture new growth opportunities with AI-enabled solutions.
- Faster Innovation Cycles: Leverage pre-built integrations and open APIs for accelerated AI adoption.
- Enhanced Customer Retention: Deliver personalised, responsive experiences powered by Covecta’s AI Agents.
