“Kiya.ai, a Mumbai-based fintech company, has launched India’s first banking Metaverse, Kiyaverse, which will be used by banks and non-banking finance companies (NBFCs) to enable virtual interactions.
Over the next few phases, Kiya.ai plans to have NFTs as tokens and support central bank digital currencies (CBDCs) for transactions. In a statement, the company said that Kiyaverse will also interface open API connectors with aggregators and gateways, creating a banking super app and a marketplace in the Kiyaverse.
He added that the Kiyaverse uses personalised avatars to allow banking across the real world, mixed reality and virtual reality environments. ‘Our product roadmap includes integration with CBDC and interoperability with other Metaverses to enable open finance in the Metaverse.’
After a user sets up their avatar on the platform, Kiyaverse will enable them to either access banking services, interact with a virtual relationship manager, or choose from a variety of cross-banking services such as portfolio analysis, wealth management, lending and corporate banking.”