Banks are constantly searching for ways to serve their customers in better ways. Microsoft Copilot is a tool to help finance industries to achieve that. This advanced AI assistant, built into Microsoft 365 apps, is changing how banks manage tasks, handle data, and interact with their precious customers. But before that let’s understand what exactly is Microsoft Copilot, and why it is so important for banking?
The depth and complexity of features directly impact the cost, as more intricate functionalities require additional development effort and resources.
Developing an app to work seamlessly across multiple platforms can increase costs due to the need for specialized coding and testing for each platform.
Incorporating sophisticated design elements can elevate user experience, but it may also contribute to higher costs due to the time and expertise required for design implementation
Integrating with external systems or services necessitates customized development, potentially leading to higher costs based on the complexity of integration.
Prioritizing robust security and regulatory compliance may require additional resources for implementation, auditing, and maintenance, impacting overall costs.
Engaging a highly skilled development team adds value but may come with increased costs reflecting their expertise and the efficiency they bring to the project.