Artificial Intelligence (AI) and Optimization

Search Strategy

The companies were searched by entering these keywords “Example of a startup company that is using machine learning or deep learning to enhance banking operations and banking analysis.” Several suggestions emerged, but then this link “https://builtin.com/artificial-intelligence/ai-finance-banking-applications-companies” was chosen. The link gave several companies, but one company was chosen.

Report

Company Selected

Kensho Technology Company

Founder and their Professional Background

Daniel Nadler is the founder of Kensho Company. Nadler has both expertise in poetry and entrepreneurship. His professionalism in entrepreneurship was marked by the acquisition of a Ph.D. in statistical and mathematical fields. His profession is attributed to his doctorate thesis. It involved researching into new statistical and econometric approaches for banking and financing enterprises.

Link to the Company’s Website

https://www.kensho.com/

Link to the company’s funding page on Crunchbase

https://www.crunchbase.com/organization/kensho#section-overview

Company’s Product or Service

Kensho’s significant products include Analytics Software, Koto, and Applied mind. Analytics Software involves the application of an accessible analytics system in the field of finance across various commercial institutions. Applied Mind focuses on artificial intelligence in the field of economic and social networks. At the same time, Koto, whose application has caught attention in the defense industry with United States government institutions, is used to enhance national security missions. On the other hand, its services include assisting its clients on analysis, management, and optimization of their digital marketing operations across several advertising channels. Kensho also uses several statistical and combined data to drive from its customers’ data insights, statistics, predictions, and trends for its use, which it often shares with its customers, business partners, and associates on the grounds of a lawful business.

Company’s Target Clients

Kensho’s target clients include mostly financial institutions that aspire to get technology-related marketing solutions. The already existing clients for Kensho include Goldman Sachs, Google, S&P Global, J.P. Morgan, and Bank of America,

Link to Tech Press or Industry Coverage that features this Company

https://www.nasdaq.com/articles/sp-global-augments-ai-capabilities-kensho-acquisition-2018-03-08

Why Tech or Industry Press is excited about this company

Industry press is excited about Kensho Company because they regard it as a principal benefactor of the upcoming generation’s AI technology, data visualization, machine learning, and analytics systems to prominent investment firms and banks. This is estimated to range from Wall Street to many National Security communities. The industry press feels that Kensho’s ability to develop and deploy accessible AI systems, which can disentangle some of the globe’s hardest analytical problems, has helped it to develop a niche market for itself in the world of technology. Besides, the Kensho’s prospective partnership with S& P Global would facilitate the control of S&P Global’s subterranean data sets, strong leadership team, essential benchmarks, and global-scale analytics platforms. This will enhance services offered to its clients as the company struggles to retain its independent trademark identity.

Analysis

Compared to other companies, Kensho offers unique solutions to financial risk management. Its ability to provide analytical solutions through amalgamation of cloud computing and natural language processing seems crucial to financial markets, many of which have now opted to turn to machine learning, a subset of artificial intelligence, in an attempt to develop more exacting, lively financing models. Following the already existing several potential clients for Kensho’s products and services, it is a clear indication that the company is at a distinct competitive edge in the technology market.

Learning outcomes

The exercise has helped in the realization of existing companies that are offering a variety of services related to AI in finance. It is incredible to know that the companies offer several services to financing institutions, which range from credit assessments, risk managing solutions, to custom-made banking. What is required is for an institution to state its goals and objectives before deciding on the appropriate AI application for its effective operation. This is better demonstrated by the industry press. It is depicted that S&P Global has already realized a deficit in its AI potentials and thwart competition. Therefore, S&P Global feels that by acquiring Kensho, it will fill the gap. This teaches that it is about realizing what one wants and then going for it through sufficient consideration.