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HI NATIONAL BANK OF UKRAINE, HERE'S WHAT YOUR AI SUPER ANALYST PREPARED FOR YOU

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PERSONAL BRIEFING FOR NATIONAL BANK OF UKRAINE

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Personal Briefings are hyper-personalized based on topics that we know National
Bank of Ukraine cares about and other companies that matter to your business. We
created this using the following topics: monetary policy, financial stability,
banking regulation, currency management, economic development


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SA

NATIONAL BANK OF UKRAINE, HERE'S YOUR PERSONAL BRIEFING

Your AI-powered Personal Briefing is based on your interests—topics and
organizations you follow—and your recent activity, all tailored to your
company's strategy. Manage your interests to improve your briefing.


YOUR LATEST INSIGHTS

Generated for National Bank of Ukraine at 9:04 PM • Dec 3 2024


CAPITOLIS' $46M CAPITALAB ACQUISITION: NEW ERA IN CAPITAL MARKETS OPTIMIZATION
CHALLENGES CENTRAL BANKS

Capitolis' acquisition of Capitalab for $46 million marks a significant
consolidation in the fintech sector, potentially impacting the National Bank of
Ukraine's regulatory approach and financial infrastructure modernization
efforts.

IDEAS FOR NATIONAL BANK OF UKRAINE:

   

 * Evaluate how Capitolis' acquisition of Capitalab might affect your regulatory
   approach to derivatives markets and non-banking financial institutions.
   Consider whether your proposed amendments to reporting rules for non-banking
   financial services market participants need to be adjusted in light of
   potentially more sophisticated market participants.

 * Assess the implications of this fintech consolidation for your collaboration
   with SWIFT on developing a new high-value payment system. Determine if
   Capitolis' enhanced portfolio optimization capabilities could complement or
   necessitate changes to your planned system architecture to ensure alignment
   with international standards and enhance Ukraine's global financial
   integration.

   

DETAILED ANALYSIS FOR NATIONAL BANK OF UKRAINE:

   

 * Capitolis, a financial technology company, has acquired Capitalab, a
   specialist in capital and operational efficiency for global derivatives
   markets, for $46 million. [1]

 * In September 2023, Capitalab completed its third execution of a new USD LIBOR
   to SOFR swaption migration service, successfully transitioning over 10,000
   LIBOR swaptions to SOFR, demonstrating its advanced capabilities in managing
   complex financial transitions. [2]

   
   

 * This acquisition represents a significant consolidation in the fintech
   sector, potentially leading to more advanced and integrated capital
   optimization solutions for global financial markets.

 * The deal highlights the growing importance of sophisticated risk management
   and capital efficiency tools in derivatives markets, which could influence
   central bank strategies for financial stability and market oversight.

   

SOURCES:

   
 * 1.Capitalab raised undisclosed amount in Unit Acquisition round —
   www.businesswire.com
 * 2.Capitalab on CB Insights — app.cbinsights.com
   

This is an AI feature and may make mistakes. Please double-check important
information.

Recommended Market


BET ON THE RIGHT MARKETS

Identify the growth markets of the future, as well as the tech markets and
business models that are reshaping your industry and competitive landscape.


RECOMMENDED MARKET FOR NATIONAL BANK OF UKRAINE

General enterprise AI agents & copilots

We selected General enterprise AI agents & copilots for National Bank of Ukraine
given its focus on sustainable finance initiatives. This market harnesses AI to
optimize decision-making, with over 70% of enterprises reporting accelerated
processes and improved real-time analytics.

EXECUTION STRENGTH ➡ MARKET STRENGTH ➡ HIGHFLIER LEADER CHALLENGER OUTPERFORMER


MARKET OVERVIEW

The general enterprise AI agents & copilots market consists of platforms that
can be customized to support various functions across a company, including IT,
finance, operations, product, sales, marketing, and more. Many companies offer
no-code platforms that allow users to build and train AI agents without coding
knowledge. These solutions often integrate with other enterprise applications,
so AI agents can find information and complete work across the different systems
already in use.


SOURCE THE RIGHT COMPANIES

6x analyst productivity with scouting reports generated in one click. Our
proprietary data is summarized to reveal their business model, market position,
along with a full SWOT analysis.


RECOMMENDED COMPANY FOR NATIONAL BANK OF UKRAINE

Here’s the scouting report on Kore.ai

Kore.ai is a private company in the General enterprise AI agents & copilots
market selected above for National Bank of Ukraine. Kore.ai develops no-code AI
platforms that enable businesses to create customizable AI agents for various
enterprise functions, enhancing decision-making processes.




KORE.AI COMPANY REPORT

kore.ai

United States

Founded in 2013

Stage: Alive / Active

Last Funded: 1/30/2024

Total Raised: $299.96M

Headcount: 1078

Kore.ai develops AI-powered conversational and generative AI platforms for
enterprise automation and customer engagement.


KEY TAKEAWAYS

 * Strong growth trajectory: Achieved triple-digit YoY growth for 4 consecutive
   years, with $150M Series D funding in January 2024 led by FTV Capital.
   Expects to reach $100M in ARR for FY 23-24, indicating market traction.
   However, faces intensifying competition from well-funded rivals like
   Yellow.ai and LivePerson.
 * Product expansion and partnerships: Integrating generative AI into its
   platform, expanding workforce, and forming strategic partnerships (e.g., with
   Teleperformance, Bell Integration). This positions Kore.ai to address
   evolving enterprise needs but also introduces execution risks in rapidly
   scaling operations and maintaining product quality.
 * Enterprise market focus: Platform automates over 450 million interactions
   daily for 200 million customers and 2 million enterprise users globally.
   Client base includes major corporations like AT&T, Cigna, and Roche. While
   this demonstrates strong enterprise adoption, it may also indicate potential
   market saturation, necessitating expansion into new verticals or geographies
   for continued growth.


COMPANY OVERVIEW

 * Founded: 2013
 * Headquarters: Orlando, Florida, United States


EMPLOYEE HEADCOUNT

 * Six Month Growth: 3%
 * One Year Growth: 10%
 * Two Year Growth: 52%


SHOW MORE


BUSINESS MODEL

 * Core Products/Services: Offers an AI-powered platform for creating and
   deploying virtual assistants, automating customer and employee interactions
   across various channels. Core offerings include the XO Automation Platform
   for building conversational AI solutions, the GALE platform for generative AI
   applications, and the Search AI platform for cognitive search capabilities.
   Specializes in industry-specific solutions such as HealthAssist,
   RetailAssist, and BankAssist.
 * Target Market: Primarily serves large enterprises across industries including
   banking, healthcare, retail, telecommunications, and travel. Key clients
   include AT&T, Cigna, Coca-Cola, and Roche. Expanding focus on markets in the
   UK, Germany, Japan, South Korea, and India for continued growth.
 * Revenue Streams: Generates revenue through licensing of its AI platforms and
   solutions to enterprises. Utilizes a pay-as-you-go model for some offerings,
   with pricing based on usage metrics such as the number of interactions or
   users. Also derives income from implementation services, customization, and
   ongoing support for its AI solutions.


FINANCIALS

Kore.ai has demonstrated strong fundraising capabilities, securing a total of
$300M across multiple rounds, with the latest being a substantial $150M Series D
in January 2024. This round, led by FTV Capital with participation from NVIDIA,
signals continued investor confidence in Kore.ai's growth trajectory and market
position. The company's ability to attract high-profile investors and secure
larger funding amounts over time suggests a maturing business model and
expanding market opportunities. However, the increasing investment also raises
expectations for accelerated growth and market penetration, potentially putting
pressure on Kore.ai to rapidly scale operations and deliver on its AI innovation
promises.

 * Revenue: Expected to reach $100M in ARR for FY 23-24
 * Most Recent Round: Jan 2024 - Series D - $150M
 * Total Rounds: 10
 * Total Funding: $300M
 * Repeat Investors: Vistara Growth, Dallas Venture Capital, NVIDIA, Beedie
   Capital Partners, NextEquity, Nicola Wealth


HIGHLIGHTS

 * Achieved triple-digit YoY growth for four consecutive years as of 2024
 * Platform automates over 450 million interactions daily for approximately 200
   million customers and 2 million enterprise users globally
 * Expanded workforce by 10% over the past year, reaching 1,083 employees as of
   October 2024
 * Recognized by Gartner, Forrester, IDC, ISG, Everest, Celent, and G2 for
   Enterprise Conversational AI Platforms and Conversational AI for Customer
   Service
 * Formed strategic partnership with Teleperformance, enhancing AI-driven
   customer experience solutions deployment capabilities
 * Integrated NVIDIA's Riva software into Kore.ai's platform to improve
   real-time AI conversational capabilities


MARKET POSITION

Kore.ai positions itself as a leading provider of enterprise-grade
conversational and generative AI solutions, with a strong focus on large
enterprises across various industries. The company's ability to secure
significant funding and partnerships with major corporations indicates a solid
market position. However, it operates in a highly competitive space with both
established players and well-funded startups vying for market share. Kore.ai's
commercial maturity level of 4 out of 5 suggests it has gained momentum and is
growing operations and revenue, while its high Mosaic overall score of 891
(trending +101) indicates strong potential for continued success and favorable
outcomes.


KEY COMPETITORS

 * Yellow.ai: Offers similar dynamic automation platform with generative AI
   capabilities, competing in customer support and employee experience
   automation
 * LivePerson: Established player in conversational AI for customer engagement,
   potentially competing for enterprise clients
 * Leena AI: Focuses on AI-powered employee engagement solutions, overlapping
   with Kore.ai's employee experience offerings
 * Automaise: Provides AI-driven customer service and backoffice automation,
   potentially competing in specific industry verticals


IN THE NEWS

 * Nov 22, 2024: Kore.ai announced a strategic global partnership with Bell
   Integration to deliver AI-driven solutions for enhancing customer and
   employee experiences through AI automation. The partnership integrates
   Kore.ai's technology stack, including the XO Automation Platform, GALE
   platform, and Search AI platform, with Bell Integration's AI & Data service
   portfolio. This collaboration aims to enhance operational workflows and drive
   CX and EX excellence across industries such as finance, healthcare, retail,
   telecom, and travel & media.
 * Oct 10, 2024: Kore.ai has raised a total of $250M in funding, with a recent
   $150M strategic growth investment led by FTV Capital and participation from
   NVIDIA. The company has achieved triple-digit YoY growth for four consecutive
   years and expects to reach $100M in ARR for FY 23-24. Kore.ai's platform
   enables enterprises to build and deploy AI solutions quickly, with a focus on
   responsible AI and compliance with global standards. The company has been
   recognized by various analyst firms for its Enterprise Conversational AI
   Platforms and Conversational AI for Customer Service.


CUSTOMER FEEDBACK

 * Kore.ai's no-code tooling is unique and user-friendly, specifically designed
   for non-developers and non-data scientists
 * Implementation process can be lengthy, taking 11-12 months including security
   and CISO clearance
 * Platform flexibility, intent recognition capabilities, and impact on call
   volumes and servicing costs are positively noted
 * Pricing model includes a low fixed component with incentives for partnership,
   and no charges for unsatisfactorily handled calls


OPPORTUNITIES

 * Geographic expansion: Kore.ai's recent $150M funding round provides capital
   for expansion into new markets such as the UK, Germany, Japan, South Korea,
   and India. This presents an opportunity to diversify the client base and
   reduce dependence on any single market, potentially accelerating growth. The
   company's high Mosaic overall score of 891 suggests it has the potential to
   successfully execute this expansion.
 * AI integration partnerships: The strategic partnership with NVIDIA for
   integrating Riva software into Kore.ai's platform demonstrates the potential
   for further collaborations with AI technology leaders. Such partnerships
   could enhance Kore.ai's technological capabilities, particularly in areas
   like real-time conversational AI and large language models, giving it a
   competitive edge in the rapidly evolving AI market.
 * Industry-specific solution development: With a commercial maturity level of 4
   out of 5, Kore.ai is well-positioned to develop more targeted,
   industry-specific AI solutions. Expanding offerings like HealthAssist,
   RetailAssist, and BankAssist could help penetrate deeper into these
   verticals, increasing market share and potentially commanding higher margins
   for specialized solutions.


THREATS

 * Intensifying competition: The conversational AI market is becoming
   increasingly crowded with both established players like LivePerson and
   emerging competitors such as Yellow.ai. This intensifying competition could
   lead to pricing pressures and make it harder for Kore.ai to maintain its high
   growth rates. The company's ability to differentiate its offerings and
   maintain technological leadership will be crucial in this competitive
   landscape.
 * Rapid technological changes: The AI field is evolving rapidly, with new
   advancements in large language models and generative AI emerging frequently.
   While Kore.ai is integrating generative AI into its platform, there's a risk
   of falling behind if the company cannot keep pace with these changes or if a
   disruptive new technology emerges. This threat is particularly significant
   given the company's focus on enterprise clients who may demand cutting-edge
   solutions.
 * Market saturation in core segments: With Kore.ai already serving major
   corporations and automating over 450 million interactions daily, there may be
   a risk of market saturation in its core enterprise segments. The company's
   growth trajectory could be threatened if it cannot continue to expand its
   client base or increase usage among existing clients. This underscores the
   importance of successful expansion into new markets and verticals.




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