LEARNER · GLOBAL
What prompt caching is and why fintech cares
Prompt caching: storing repeated text (contract terms, compliance docs, customer history) so an LLM doesn't reprocess it each call. Cuts latency by 80%+ and API costs by 50%+ on high-volume lending or KYC workflows.
WHY IT MATTERS
Cost/speed lever for BFSI: loan origination, fraud screening, and compliance review now run 10x faster and cheaper; enables real-time decision-making at scale without retaining customer data in memory.