The
#AIEye: #AI-Startup Cowbell Cyber Partners with FICO (NYSE: $FICO) and NICE
(NasdaqGS: $NICE) Actimize to Acquire Guardian Analytics
Global
AI Market to Reach $40.74 Billion in 2020 – Driven by COVID-Related Demand
Point Roberts WA, Vancouver BC – June 4, 2020 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
AI Eye- watching stock news, deal
tracker and advancements in artificial intelligence.
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this in full at https://www.investorideas.com/news/2020/artificial-intelligence/06041AIEye-FICO-NICE.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:FICO) (NasdaqGS:NICE)
AI-powered cyber insurance startup Cowbell Cyber has partnered with Fair Isaac Corporation (NYSE:FICO)
to “add the FICO Cyber Risk Score to Cowbell Cyber's multivariate risk rating
factors, Cowbell Factors.” This will enable “cyber insurance agents to expedite
the delivery of standalone cyber policies tailored to the unique coverage needs
of all SMBs.” Julie May, Vice President of Cybersecurity Solutions at FICO,
said:
"FICO's
Cyber Risk Score provides underwriting teams with a clear and accurate measure
of the cyber risk of an organization. We are excited to strategically partner
with Cowbell Cyber and its team to deliver a differentiated cyber offering to
the SMB marketplace."
NICE Actimize, the Autonomous Financial Crime
Management subsidiary of NICE Ltd. (NasdaqGS:NICE),
has entered a definitive agreement to acquire AI cloud-based financial crime risk
management solution provider Guardian Analytics. Craig Costigan, NICE Actimize
CEO, explained:
"Today,
NICE Actimize is taking a significant step forward in advancing the future of
managing financial crime risk. With criminals seeking to exploit the current
environment, we need to make sure financial institutions and consumers are
protected in a way that’s cost-effective and intuitive. The acquisition of
Guardian Analytics brings together the unique combination of proven expertise,
best-in-class innovation, and the power of the cloud, presenting a major
opportunity for accelerated growth. I am excited to embark on this journey in
advancing the industry’s fight against financial crime."
Global
AI Market to Reach $40.74 Billion in 2020 – Driven by COVID-Related Demand
A report published by Research and Markets finds that the global AI
market will grow from $28.42 billion in 2019 to $40.74 billion in 2020 with a
compound annual growth rate (CAGR) of 43.39 percent. According to the report’s
summary: “the growth is mainly due to the
COVID-19 health emergency across the globe that has led to a new wave of
transformative technologies including the revolutionary artificial intelligence
technology (for example - smart machines and robots) emerging as a possible
solution to contain the epidemic. The market is then expected to recover and
reach $99.94 billion in 2023 at CAGR of 34.86%.”
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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