On Thursday, artificial intelligence startup Ayasdi, announced it had been recognized by Chartis as the category leader for Artificial Intelligence in its recently released 2018 RiskTech100® rankings. This marks the second consecutive year that Ayasdi has achieved industry-leader status within Chartis’ annual RiskTech100® report.
Based in Menlo Park, CA, Ayasdi is backed by Kleiner Perkins Caufield & Byers, IVP, Khosla Ventures, Centerview Capital Technology, Draper Nexus, Citi Ventures, GE Ventures and Floodgate Capital.
The Chartis RiskTech100® ranking assessment criteria comprise six equally weighted categories: core technology, customer satisfaction, functionality, innovation, market presence and strategy. Chartis is the leading provider of research and analysis on the global market for risk technology. Its team has hands-on experience in developing and implementing risk-management systems and programs for Fortune 500 companies and leading consulting houses.
“Ayasdi’s enterprise AI platform and intelligent applications can be customized to solve very specific business problems and supports a broad range of use cases that span regulatory compliance, risk management, financial crime, cyber and client experience,” said Sidhartha Dash, research director at Chartis. “Based on our analysis and client feedback, we believe Ayasdi to be a leader in the application of intelligent systems to business contexts in finance.”
Financial service organizations around the globe have deployed Ayasdi against their most complex and value-rich challenges. Through a combination of unsupervised discovery and supervised prediction the company’s intelligent applications have delivered orders-of-magnitude improvements over traditional approaches. Furthermore, the company’s unique technology provides for complete justification of the results – a key feature in regulated environments where simple transparency will not suffice.
“Our growth strategy is built around the philosophy that artificial intelligence will transform the financial services industry, and the vehicle for that transformation is intelligent applications,” said Bob Griffin, CEO of Ayasdi. “Ayasdi’s technology is differentiated from traditional machine-learning approaches. The intelligent applications built using our new Ayasdi Envision framework allows financial organizations to create intelligent applications that address institution specific challenges – operationalizing AI across the organization.”
The RiskTech100 2018 report is available for free download at risktech-forum.com.
To request a demo of Ayasdi, visit: https://www.ayasdi.com/request-a-demo.