Technip Energies Honored with Best Use of AI in Financial Services at GAISA Awards 2024

New Delhi, 24-01-2024 — Technip Energies Global Business Services Pvt Ltd, a leading global engineering and technology company specializing in energy transition solutions, has been honored with the prestigious “Best Use of AI in Financial Services” award at the Global Artificial Intelligence Summit & Awards (GAISA) 2024.

Renowned for its commitment to sustainable and low-carbon technologies, Technip Energies showcased its innovative AI-driven “Creditworthiness Check” tool at the awards. This tool, designed to assess ongoing credit health and market sentiment of suppliers in real time, addresses a critical need for continuous risk monitoring.Utilizing a comprehensive approach incorporating web scraping, data processing, Natural Language Processing (NLP), and Generative AI, the solution offers timely reporting and proactive measures based on news reports related to supplier creditworthiness.

Technip Energies’ in-house AI solution aligns with strategic objectives, providing customization, on-demand reporting, cost savings, and data privacy advantages. The implementation not only enhances decision-making, reduces risks, and ensures compliance but also fosters stronger supplier relationships.The success of AI implementation in finance has prompted Technip Energies to extend the concept to generate threat classification reports for global site safety and operations.

This innovative, reusable solution has broad industry applicability, offering informed decision-making, risk mitigation, and efficiency enhancement across sectors such as insurance, real estate, e-commerce, healthcare, and government.

The GAISA award underscores Technip Energies’ leadership in leveraging AI for impactful innovations in financial services, further solidifying its position as a pioneer in sustainable and low-carbon technologies.


For More Information, Please Visit : GAISA Official Website

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