SEBI introduces the SEVA AI chatbot to enhance investor engagement and protection.

 

How to apply?

30/7/2024,

An artificial intelligence (AI) based dialogue platform for investors called SEVA has been introduced by SEBI.

 

An investor can obtain thorough information on a variety of processes by using this application.

 

Additionally, you can offer comments on the chatbot's performance and obtain SEBI's contact information.

People intend to increase their investments as they become more financially aware. Many people make mistakes since they are still unfamiliar with the process. The Securities and Exchange Board of India (SEBI) has introduced SEBI's Virtual Assistant (SEVA) to address investor safety.

 

Potential investors can ask any question, and this intelligent chatbot can respond with AI.

 

Using this tool, an investor can obtain thorough knowledge about various operations and ensure that their enquiries are answered promptly. "In keeping with its mandate of investor protection, SEBI has launched SEBI's Virtual Assistant (SEVA)–an Artificial Intelligence (AI) based conversation platform for investors," the regulatory body stated in a recent statement.

With the aid of this creative chatbot, we might see a rise in investor involvement and transparency in the securities market.

 

How can SEVA help?

Right now, SEVA is accessible in beta form. It enables follow-up enquiries, citations for created responses, and text-to-speech and speech-to-text capabilities.

 

 

 SEVA can respond to enquiries regarding the grievance redressal procedure, the most recent master circulars, and general information about the securities market.

 

How should I utilise it?

 

You can find alternatives to find information on the securities market, the SEBI complaint redressal mechanism (SCORES), and staff details on the chatbot's main menu.