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Kiya.ai launches India’s first banking metaverse

June 03, 2022

Kiya.ai launches India’s first banking metaverse
Kiya.ai, a digital solution provider to financial institutions and governments, on Wednesday announced the launch of India’s very first banking metaverse named Kiyaverse in Mumbai.

Kiyaverse hopes to merge use cases of real-world banking with metaverse banking through an avatar (virtual humanoid) based interactions.

In the first phase, Kiyaverse will allow banks to extend their own metaverse for clients, partners, and employees, through services that will include Relationship Manager Peer Avatars and Robo-advisors.

The Kiyaverse plans to have tokens as NFTs and support CBDC to enable open finance in a Web3.0 climate, the organization said in a statement.

Kiyaverse will interact its Open API connectors with Aggregators, and Gateways to enable a Super-App and Marketplace on the metaverse. With the presentation of Haptics enabled Headsets, Kiyaverse will provide a near real-world interaction using the internet of senses.

“While digital banking is functionally interdependent and inclusive, it is very much frequently seen as being emotionally detached. Metaverse allows banks to use state-of-the-art innovation with a human touch which will fundamentally extend and personalize customer interaction. Kiyaverse offers significant applications in the metaverse that apply to important business use cases in reality. It will enable banks to harness the potential of improved UX to draw out the best results for information representation and gamification of processes and procedures,” Kiya.ai MD and CEO Rajesh Mirjankar said.

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