en.Wedoany.com Reported - LUMIQ has completed a strategic funding round to scale AI-driven automated decision-making in financial services. The AI-native financial services company announced a new round of funding, led by Bajaj Finserv, with participation from Info Edge Ventures. The funds will be used to expand into the U.S. and Southeast Asian markets, deepen LiteCone's decision-making capabilities, and broaden the coverage of financial services roles handled by AI agents. LUMIQ currently serves leading institutions in insurance, banking, and capital markets across India, the U.S., and Southeast Asia. Its AI agents already make regulated decisions in production environments, processing millions of decisions annually.

For a long time, the technology purchased by financial institutions focused on improving employee efficiency, with decision-making authority remaining in human hands. LUMIQ's LiteCone platform uses AI agents to read documents, apply the institution's own rules, and make end-to-end decisions, escalating only cases that require human judgment. The output is not a recommendation but a decision with a complete reasoning process, policy cross-references, and auditability. At a leading life insurance company, the LEO agent handles 75%-80% of underwriting cases with zero human intervention, reducing policy issuance costs by approximately 25% and compressing turnaround time from days to under 8 minutes. Shoaib Mohammad, co-founder and CEO of the company, stated that LiteCone is designed to let AI handle routine cases fully and responsibly, allowing humans to focus on cases that truly require judgment.

This round of funding will be used to expand go-to-market efforts in the U.S. and Southeast Asia; deepen LiteCone's decision-making capabilities; extend agent coverage to more financial services roles; and build a partner ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms to embed LiteCone into institutions' existing operating environments. Lakshmi Iyer, President and CEO of Bajaj Alternates Investment Group, noted that LUMIQ's AI agents make decisions in production environments with built-in auditability and control mechanisms—exactly the capabilities the industry is seeking. Kitty Agarwal, Partner at Info Edge Ventures, stated that financial services is a highly regulated, risk-averse sector, and LUMIQ has integrated agentic AI into real-time financial services workflows, earning the trust of large institutions.

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