Erica is a virtual financial assistant application developed by Bank of America. It enables users to manage accounts, pay bills, create budgets, and receive financial advice. Erica's services are generally free and integrated into Bank of America's mobile banking application.
IBM Watson provides artificial intelligence-based analytics and recommendation solutions for financial services. It is used, in particular, in areas such as customer service, risk management, credit predictions, and portfolio management. Financial institutions can use Watson to analyze big data and make better decisions.
FICO Falcon is a platform used for fraud detection and risk management. This platform analyzes customer transactions and activities, detects abnormal patterns, and identifies potential fraudulent transactions. FICO Falcon helps prevent credit card fraud, identity theft, and other types of fraud.
Kasisto offers AI-powered customer service and chatbot solutions for financial institutions. This platform can answer customer questions, provide account information, and assist with transactions. Additionally, it employs natural language processing to understand and analyze customer interactions.
AlphaSense provides financial professionals with services for financial text analysis and news monitoring. This platform automatically analyzes financial news, reports, and documents, highlights important information, and helps investors make better decisions.
Kensho uses artificial intelligence and natural language processing to predict global financial events. It specifically aims to understand market fluctuations and forecast future events by analyzing big data. This can help investors reduce risk and optimize their decisions.
QuantConnect is used for algorithmic trading and creating investment strategies. This platform offers investors the opportunity to develop and test their own trading strategies. It can also be used for analyzing financial market data and executing trades.
Ayasdi is used for data mining and machine learning-based financial services. It particularly analyzes big data for risk analysis, portfolio management, and fraud detection.
Kofax Kapow is used for data scraping and automation. This platform automates data collection and processing for financial institutions, enhancing efficiency.
Digital Reasoning is used for fraud detection through natural language processing and text analysis. This platform can detect abnormal behavior and fraudulent transactions by analyzing text-based data.
Palantir is used for big data analysis and security. This platform can be used by financial institutions to monitor data for security threats and risks.