Birlasoft, which had closed yesterday at Rs.376, went on today to hit a new high at Rs.421, rising 12%.

The company said that it has company partnered with 'Regulativ.ai', to co-develop a new AI/ML-based cyber-regulatory reporting platform for Global Banking, Financial Services, and Insurance Customers.

The co-development of an AI/ML-based industry platform will help customers streamline and automate their cybersecurity regulatory assessment and reporting.

Birlasoft believes that the Regulativ.ai platform fits well with the company’s focus to grow the banking, financial services, and insurance segments, where cybersecurity is a key focus.