Artificial intelligence (AI) cloud platform DataRobot is rolling out a banking-specific tool as part of its new comprehensive solution that delivers industry-tailored AI capabilities to multiple sectors, according to a press release emailed to PYMNTS.
DataRobot’s latest launch — AI Cloud for Industries — further supports and strengthens the platform and leverages the company’s expertise in bringing AI to multiple sectors, such as retail, banking, manufacturing and healthcare, the release stated.
See also: AI-Powered Tech Essential to Keep Pace With Consumer Digital Banking Expectations
DataRobot does business with financial institutions (FIs) worldwide, including 70% of the biggest U.S. banks. DataRobot AI Cloud for Banking was developed to address the needs specific to the rapidly changing banking sector, which includes major challenges such as fraud detection and prevention according to the release.
The platform’s AI Cloud for Banking tool also helps the industry take on the challenges of customer marketing and acquisition, client satisfaction and retention, credit risk management and more, the release stated.
Read also: Five Ways US Banks Can Tap AI to Manage Credit Risk
Headquartered in Boston, Massachusetts, and founded in 2012, DataRobot offers the next generation of AI, with a “unified platform built for all data types, all users, and all environments,” according to the release. The AI startup, valued at $6.3 billion, strives to advance insights for all business sectors around the globe.
“DataRobot AI Cloud for Industries means that all industries now have an end-to-end platform to meet their industry-specific AI needs, from healthcare companies working to improve clinical outcomes to retailers innovating the shopping experience,” said IDC Group Vice President of Worldwide Artificial Intelligence and Automation Research Ritu Jyoti in the release. “This comprehensive set of offerings coupled with solution accelerators, decision intelligence frameworks, and training programs uniquely positions DataRobot as a solution for industries.”
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