AYLIEN, a leading provider of AI-powered risk monitoring and management solutions, has been announced as the Most Disruptive Fintech and Overall Winner in the Deloitte Financial Services Innovation Awards 2021 for their AI-powered Risk Identification and Monitoring Solution, RADAR.
The awards, run by Deloitte in partnership with Financial Services Ireland (FSI) and the Banking and Payments Federation Ireland (BPFI), recognise innovation by financial services-focused companies who solve long standing problems for the industry, address niche segments in a new way, or improve internal operations for financial services providers. The winners were announced on Thursday, 3rd of June, and AYLIEN were chosen from over 100 submissions for their innovation in the risk monitoring and management space, which is set to revolutionize the way financial services organizations manage their risk.
AYLIEN’s risk identification and monitoring platform, RADAR, transforms how analysts in financial services identify and monitor potential known and unknown risk events on a global scale with beta users of RADAR identifying 10x more potential risk events coupled with an efficiency gain of over 70% in their current investigation processes.
Using proprietary Natural Language Processing (NLP) technology, RADAR aggregates and understands vast quantities of unstructured data such as news, regulatory updates, company filings, and internal data sources providing early signals of critical risk events related to a company’s customers, supply chains, competition, and investment strategies.
RADAR applies advanced, specialized, yet configurable human-in-the-loop AI to large volumes of unstructured data to help analysts expand their monitoring reach and transform ineffective manual identification and investigation workflows that are attributable to more than $36bn in fines and losses for financial services companies since 2008.