Commencis Launches Turkish LLM For Banking And Financial Services

ISTANBUL, TURKEY. May 14th, 2024 – Commencis, a leader in digital transformation technology, has introduced Commencis LLM, a Turkish-specific large language model (LLM) developed for banking and financial services. Trained with customized data sets tailored to meet the specific needs of these sectors, the model is designed to automate customer service, generate content, and analyze data for users and customers alike.

Commencis LLM was developed using sector-specific needs and customizable data sets and has the capability to improve user experience in critical functions such as live support and data analysis. The model’s versatility allows it to be customized and adapted across other sectors including aviation, insurance, and telecommunications, in addition to banking and finance.

Developed to the highest privacy and security standards, the Language Model comes with an on-prem installation option, allowing companies to use Commencis LLM with full security within their own infrastructure.

Commencis LLM is the product of extensive research and data production and training activities on language models such as Llama 2, Mistral, Zephyr, and OpenChat 3.5. During its development, the Commencis engineering team executed extensive optimization on Amazon Web Services’ high-performance GPUs over three months. As a result, a language model with highly advanced Turkish language skills emerged.

CEO's Insights

Firat Isbecer, Co-founder and CEO of Commencis, said, "With over 20 years of experience in the industry, we have collaborated with leading banks and financial services providers to create some outstanding digital success stories."

Cost Reduction for Financial Services

"Commencis LLM is designed to bring its depth of understanding and interaction capabilities to bear on providing a better customer experience and to increase the speed of problem-solving in financial services. This will help both reduce costs and improve the quality of current digital services offerings at banks," Isbecer added.

Future Focus

Looking ahead, our focus will be on helping our clients increase customer loyalty and on providing them with a competitive advantage through hyper-personalization and rapid response technologies," Isbecer added.

Commencis' Role in Digital Banking

Commencis is a leading provider of the latest technologies in digital banking products, payment, identity verification, and end-to-end customer experience solutions in the financial services industry. The use of artificial intelligence will enable companies to gain a better understanding of customer behaviours, enable the offering of more personalized services, further automate transaction processes, and enhance security measures.