AUSTIN, TX, December 12, 2017 – CognitiveScale today announced it is collaborating with Microsoft to combine the power of Microsoft Azure with industry-specific machine intelligence software from CognitiveScale. The relationship is designed to accelerate AI adoption in the financial services industry to transform front and back office operations for enterprise clients.
CognitiveScale’s augmented intelligence solutions extend human and process intelligence, fueling innovation by making sense of expanding volumes of structured and unstructured data. This approach to AI emulates cognitive functions like perception, abstraction, reasoning, and learning to build machine-accumulated knowledge for organizations.
As a Co-Sell Ready Partner in the Microsoft One Commercial Partner Program, CognitiveScale will deliver financial services industry-specific AI solutions for:
Client Engagement – delivering proactive, hyper-individualized service for wealth and financial clients to scale advisors to better support even more clients
Trading Intelligence – providing traders and advisors timely, relevant market and trading insights for customers with highly personalized and powerful behavioral profiles based on their historical trading styles
Research – improving research quality with machine-generated insights to power faster and better investment decisions and customer experiences
Risk and Compliance – applying machine learning to reduce compliance risk incidents and exposure while reducing operating costs
“AI has the power to transform the financial services industry more than any other technology has in recent history,” said Akshay Sabhikhi, CEO, CognitiveScale. “CognitiveScale and Microsoft are in a unique position to deliver a full stack financial services AI cloud to transform how financial institutions engage their clients, improve employee decision-making, and manage risk and compliance.”
“CognitiveScale’s industry optimized AI solutions help financial services companies understand the stated and unstated intentions of their customers, as well as improve their own business process intelligence, reduce costs and risk,” said Janet Lewis, Vice President, Microsoft Financial Services at Microsoft Corp. “Infusing applications with this type of insight and intelligence at any point in time results in a democratization of AI to the benefit of every person and organization.”
CognitiveScale builds industry-specific augmented intelligence solutions for financial services, healthcare, and digital commerce markets that emulate and extend human cognitive functions by pairing people and machines. Built on its CORTEX augmented intelligence platform, the company’s solutions help large enterprises drive transformative change by increasing user engagement, improving decision-making, and delivering self-learning and self-assuring business processes.
CognitiveScale has successfully deployed augmented intelligence solutions in multiple Global 500 companies, and has formed strategic go-to-market and technology partnerships with IBM, Microsoft, and Deloitte. The company has been named among AI leaders in prominent research and publications including Fortune’s Top 50 companies leading the AI Revolution.
Headquartered in Austin, Texas, CognitiveScale has offices in New York, London, and Hyderabad, India, and is funded by Norwest Venture Partners, Intel Capital, IBM Watson, Microsoft Ventures, USAA and The Westly Group. For more information on the company, please visit us at cognitivescale.com and follow @cognitivescale on Twitter, Facebook and LinkedIn.
Leigh Ann Schmidt
Head of Corporate Communications
Bhava Communications for CognitiveScale