News

Squirro provides ECB with augmented intelligence solution

Friday 25 February 2022 13:29 CET | News

Switzerland-based Squirro, an augmented intelligence solutions provider, has announced it will supply its Insight Engine and Risk Insights solution to the European Central Bank.

Squirro already works with central banks such as the Bank of England and the German Bundesbank. Its Insight Engine improves access to information by connecting all data sources and applying natural language processing and machine learning to deliver the right information to users at the right time.

This is augmented by the Squirro Risk Insights solution which monitors and contextualizes all relevant risk factors. Teams are provided with insights and next-best-action recommendations to help actively assess and mitigate ongoing risk levels. 

Squirro is also announcing the acquisition of US startup deal sourcing platform open.exchange, expanding Squirro's reach in the US and enhancing its technology offering. Open.exchange will integrate with Squirro's existing applications to form a more rounded offering and will further enhance Squirro's existing technology to increase the speed and flexibility of the platform.

More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, central bank, data sharing, risk management
Categories: Banking & Fintech
Companies: European Central Bank, Squirro
Countries: Europe
This article is part of category

Banking & Fintech

European Central Bank

|

Squirro

|
Discover all the Company news on European Central Bank and other articles related to European Central Bank in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events