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NetXD Launches XD ELAM, the World's First Enterprise Large Action Model (ELAM)


LAWRENCE, Kan.--(BUSINESS WIRE)--Mar 19, 2024--

NetXD is excited to announce the launch of the world's first Enterprise Large Action Model (ELAM). XD ELAM is an AI studio that supports the rapid development of actionable applications on NetXD’s XD Ledger, a programmable enterprise operating system.

XD ELAM leverages LLMs (Large Language Models) to understand user instructions and generates code to automate the execution of microservices and primitive actions. XD ELAM enables users to further validate and test the code and generate documentation as input into the enterprise testing and quality assurance process. After testing and validation, enterprises can leverage the code further secured by Zero Trust private key infrastructure, ensuring the highest levels of cyber security, lane controls and data protection.

Enterprises, including banks and healthcare companies, can leverage XD ELAM to automate back-office and middle-office operations in their drive toward Zero Ops. For front-office operations, enterprises can extend XD ELAM as a hyper-personalization tool for their customers, improving customer experience and reducing operational costs with the highest level of security ensured by NetXD’s Zero Trust Architecture.

“Enterprises, especially banks of all sizes, must prioritize operational improvement and automation,” said Colin Kerr, research principal at Celent. “Conversational AI, powered by large action models to instruct banking activity, represents a step-change in intelligent automation. NetXD is in the forefront of transforming banking technology from the ground up.”

“I am pleased to join the board of NetXD in these exciting times,” said Pascal Boillat, Director of NetXD and ex-Group Executive, Enterprise Services and CIO of CommonWealth Bank of Australia and previously Group CIO of Deutsche Bank. “NetXD’s platform for banks can be deployed as a sidecar core. With the Enterprise LAM capability, the platform provides an attractive opportunity for my industry colleagues to modernize their infrastructure, while reducing the complexity created by numerous legacy applications.”

"We are delighted to launch XD ELAM, the first Enterprise Large Action Model," said Suresh Ramamurthi, Chairman NetXD Inc. "This initiative exemplifies our dedication to enabling 'Zero Ops' for our clients, secured by Zero Trust Architecture. XD ELAM will accelerate the use of AI in enterprises, including FIs, to streamline back-office and middle-office processes, leading to a more streamlined and delightful customer experience. Large Action Models, paired with a programmable enterprise operating system, enable elimination of technical debt and create a pathway to technical credit for large organizations."

NetXD has built a proprietary AI studio that can execute enterprise objectives into highly accurate and secure applications and processes in the enterprise operating system. This AI studio leverages NetXD’s operating system’s foundational features including lane controls, digital signature/security, real-time data analytics and Zero Trust Architecture to enable enterprises to deliver Zero Ops. NetXD is rapidly building a library of contextually configurable applications and processes leveraging the Enterprise Large Action Model.

Ready to transform your enterprise?

Visit NetXD.com today to learn more about XD ELAM and how it can help your enterprise.


To learn more about NetXD’s solutions, please reach out to [email protected]

For press inquiries, please reach out to [email protected] or call 415-310-3125.

About NetXD:

NetXD offers a programmable enterprise operating system that enables organizations to transform their operations, including back-office and middle-office functions. Banks can leverage NetXD’s platform as a sidecar core that supports all major types of consumer and business bank accounts and embedded banking, and it can be paired with a payment hub with support for all major payment rails. Healthcare organizations can leverage NetXD’s platform to automate claims adjudication and payment delivery processes rapidly. Digital Asset Native companies can leverage NetXD’s General ledger.

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PUB: 03/19/2024 08:00 AM/DISC: 03/19/2024 07:58 AM