Indian voice AI company Mihup has partnered with Qualcomm Technologies to deliver on-device multilingual voice AI solutions for the banking, financial services, and insurance (BFSI) sector. The collaboration promises 80% cost reduction, stronger data privacy, and low latency, enabling enterprises to engage customers seamlessly across diverse Indian languages without relying on cloud infrastructure.
On February 17, 2026, Mihup announced a strategic partnership with Qualcomm Technologies to co-develop and commercialize enterprise-grade voice AI solutions optimized for Qualcomm’s AI platforms. Unlike traditional cloud-based systems, this innovation processes conversations directly on-device, ensuring data sovereignty, faster response times, and reduced operational costs.
The solution supports 12+ Indian languages and code-mixed speech, making it highly relevant for India’s multilingual customer base. It also integrates real-time compliance detection and coaching tools, designed to enhance frontline workforce efficiency in BFSI operations.
Industry experts view this as a “cloud-to-edge” shift, positioning India at the forefront of sovereign AI adoption in financial services.
Major Takeaways
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Mihup partners with Qualcomm Technologies to launch on-device multilingual voice AI
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Target sector: Banking, financial services, and insurance (BFSI)
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Processes voice data locally, reducing reliance on cloud infrastructure
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Supports 12+ Indian languages and code-mixed speech
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Offers 80% cost reduction compared to GPU-heavy cloud AI
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Ensures stronger data privacy, low latency, and real-time compliance monitoring
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Demonstrated live at India AI Impact Summit 2026
Conclusion
The Mihup–Qualcomm collaboration marks a milestone in India’s AI journey, combining linguistic inclusivity, cost efficiency, and data sovereignty. By empowering BFSI firms with secure, multilingual voice AI, the partnership strengthens India’s push toward AI-native solutions that balance innovation with trust.
Sources: Analytics India Magazine, Outlook Business, Mihup.ai