AI toggle Announces acquisition of financial data/analytics platform atom finance.
The company provides artificial intelligence (AI) solutions for investments to hedge funds, banks, and brokerages. announced the contract In a news release on Wednesday (May 15). Financial terms were not disclosed.
“Atom Finance is a leading provider of front-end infrastructure for banks, brokerages, asset managers, and fintechs,” the release states. “This acquisition will enable Toggle AI to incorporate Atom Finance’s powerful suite of capabilities to enhance its services, expand its data universe, and provide users with an even more comprehensive investment experience.”
A study by PYMNTS Intelligence shows that generative AI is the latest in a series of technologies that are transforming the financial and banking sector.
Applications of this technology in the financial sector include everything from enhancing consumer interactions to refining risk assessment models, according to PYMNTS Intelligence. “Banking with AI: Financial services sector leverages generated AI for security and services”
The report also found that 83% of experts People in the financial industry believe their institutions are interested in adopting generative AI.
In addition to serving as a tool to meet the growing demand for personalized customer service, applications of this technology also have important areas such as environmental, social, and governance (ESG) and anti-money laundering (AML) initiatives. Included, PYMNTS writes.
Elsewhere on the AI front, PYMNTS examined how AI works Wednesday. Recent product announcements from Google and OpenAI It shows how “AI solutions are being infused across business processes and software as leading technology companies look to the B2B space as their next market.”
As the report noted, the tech giants microsoft,Google, Amazon teeth As much as it’s already worth That’s because we’re building a vast ecosystem of products and services. By extending these ecosystems into his B2B space, he can capture even more value from old customers while attracting new ones.
“Computers can now act like humans. They can speak, write, and communicate as clearly as humans.” Bild ShethCEO of conversational AI platform Gupshuphe told PYMNTS. “Throughout history, no one thought that bulldozers could behave like humans, fire, or any previous invention. AI will energize society in ways no other technology has been able to do before. I did.”
