MENLO PARK, Calif., Nov. 17, 2016 /PRNewswire/ -- Ayasdi, a leading developer of machine intelligence applications, today was recognized as the winner of the new Artificial Intelligence category of the prestigious 2017 Chartis RiskTech100® report. The report by Chartis, the leading provider of research and analysis on the global market for risk technology, is recognized as the most comprehensive study of the world's most significant risk and compliance technology companies.
The category win verifies Ayasdi's progress toward becoming the world's leading AI platform for the financial services industry. Developed by Stanford computational mathematicians, funded by top-tier Silicon Valley venture firms, and already in use by the world's biggest banks, Ayasdi is uniquely designed to facilitate the deployment of intelligent, AI-based applications across the enterprise. "In 2015 Chartis's continuous market scan of end-user organizations identified Ayasdi as one of the most innovative AI players in the risk and compliance space," said Peyman Mestchian, Managing Partner at Chartis. "We have been particularly impressed by the practical use-cases and proof points provided by Ayasdi and how its large-scale machine intelligence-based applications and overall platform strategy help some of the world's largest financial services firms to reduce the cost and risk of compliance." Ayasdi is well positioned globally to help financial services firms leverage AI to address pressing challenging including CCAR/stress testing, risk management, internal surveillance, client intelligence, market intelligence, fraud detection and anti-money laundering. Ayasdi's enterprise machine intelligence platform ingests and processes large volumes of internal data, market data, and/or third party data and then applies multiple machine learning, statistical and geometric algorithms to gain insight and predict the future.