Birlasoft and Regulativ.ai Co-Develop AI-Led Cybersecurity Assessment Platform for Global Banking, Financial Services, and Insurance Customers

Birlasoft Ltd [BSE: 532400, NSE: BSOFT], part of the USD 2.4 billion diversified, The CK Birla Group and a global enterprise digital and IT services company, has partnered with Regulativ.ai, to co-develop a new AI/ML-based cyber-regulatory reporting platform.

Digital transformation has unleashed a high volume of cyber threats, making cybersecurity and compliance a top priority for CXOs, and making it critical for businesses to ensure their cyber-regulatory compliance roadmap is in place. In alignment with Birlasoft's strategy to ensure customers realize utmost value from their digital transformation initiatives, the co-developed platform will help regulated enterprises gain a deeper understanding of their cyber regulatory compliance risks and provide them with actionable reports to mitigate risks and ensure compliance.

Birlasoft believes that the Regulativ.ai platform fits well with the company's focus to grow the banking, financial services, and insurance segments, where cybersecurity is a key focus. In addition, as organizations across other regulated industries accelerate their digital transformation, cybersecurity becomes fundamental for future business resiliency.

Shilpa Bhandari, SVP and Global Head - BFSI, Birlasoft said, "Enterprises are moving towards a digitalfirst approach at an accelerated pace and are increasingly concerned about their cybersecurity resiliency. Birlasoft and Regulativ.ai's co-development partnership is strategic in our goal of delivering innovative platform-based solutions that address the needs of customers across banking, financial services, and insurance industries where cybersecurity and compliance are top priorities."

Jinal Shah, CEO, Regulativ.ai said, "We are excited to be working together on a joint platform in partnership with Birlasoft. Regulativ.ai is transforming the cybersecurity reporting function across regulated industries. We have created a lightning-fast, scalable, and cost-efficient governance platform using leading-edge AI technologies. Our innovative multi-cloud platform will significantly streamline cybersecurity self-assessment processes."

Shares of Birlasoft Limited was last trading in BSE at Rs.376 as compared to the previous close of Rs. 342.6. The total number of shares traded during the day was 588600 in over 16429 trades.

The stock hit an intraday high of Rs. 384.9 and intraday low of 338.85. The net turnover during the day was Rs. 212978515.

Source : Equity Bulls

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