Squirro named a Representative Vendor in the Gartner® Market Guide™ for GenAI Platforms in Banking & Investment Services – Read the Guide
In highly regulated sectors like financial services, leveraging proven technology mitigates risks, frees up resources, and accelerates ROI.
|
Build |
Buy |
|
|---|---|---|
Custom Build |
Fully customizable |
Requires specific configuration |
Integration into Existing Setups |
Yes, integration required |
Yes, integration required |
Future-Proof |
Designed for longevity |
Designed for longevity |
Competitive advantage |
Requires a dedicated development team |
Benefits from seamless upgrades |
Security |
On-premise, lacks cloud advantages |
Includes security features |
Regulatory Compliance |
Not inherently compliant |
Designed for compliance |
Time-to-Market |
Extended development time |
Rapid deployment |
Development Risk |
Significant inherent risks |
No development risks |
Operating Cost |
Higher ongoing expenses |
Lower operational costs |
Application Support |
Limited internal support |
Comprehensive vendor support |
Solution Community |
No external community |
Benefits from a community of users |
Total Cost of Ownership |
Higher overall cost |
Lower overall expenditure |
GenAI in Financial Services
Fast-Track Value with a Proven Platform
Generative AI promises competitive advantages and efficiency gains, but opting to build the technology in-house can present significant challenges – complex integrations, high costs, and delayed results.
High Costs and Delays
Development and deployment take longer than expected.
Technical Complexity
Ensuring data integration, scalability, and compliance is difficult.
Resource Strain
Diverts teams from core business priorities.
High Costs and Delays
Ongoing updates and monitoring require substantial effort.
Starting from a mature platform mitigates risks and delivers faster outcomes.
Faster Deployment
Skip development hurdles and get results quickly.
Cost Efficiency
Avoid hidden costs of building and maintaining systems.
Scalable and Flexible
Adapt to evolving business needs without heavy investments.
Security and Compliance
Meet regulatory requirements with pre-tested solutions.
Focus on Innovation
Free internal teams to focus on growth and strategy.
Squirro accelerates AI adoption, reduces risks, and maximizes ROI
Deep industry experience in regulated sectors like finance.
Enhanced retrieval-augmented generation (RAG) for smarter insights.
Grow without compromising performance.
Built-in access controls and regulatory adherence.
End-to-end solutions for data management and analytics.
Without a trusted partner, organizations often struggle to scale their GenAI initiatives.
“We underestimated the challenges of scaling in-house GenAI solutions, which led to unexpected delays and escalating maintenance costs. Partnering with Squirro transformed our approach – minimizing risks, accelerating time to value, and ensuring predictable, manageable maintenance costs.”
Customer feedback from a financial services firm
“While building and deploying individual GenAI applications in-house seemed manageable at first, each new project required starting from scratch – draining time, effort, and resources. Squirro’s scalable GenAI platform allowed us to seamlessly expand our capabilities without reinventing the wheel for every additional use case.”
Customer feedback from a European bank
