#AIEye
#Podcast 704: #Stocks discussed: (NasdaqGS: $NICE) (OTC: $RNECY) #artificialintelligence
NICE
Actimize Xceed Chosen by American State Bank for Financial Crime Strategy, and
Renesas Electronics to Acquire Reality AI
Global
#AI in #BFSI to Reach $84.33B in 2028
Vancouver, Kelowna, Delta, BC – June 10, 2022 – 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.
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2022/061022-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/06101NICE-RNECY.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NICE) (OTC:RNECY)
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has announced that Texas-based financial
institution American State Bank has selected NICE Actimize Xceed, described as
“an all-in-one AI fraud and anti-money laundering platform,” to drive its
restructured financial crime strategy. Craig Costigan, CEO, NICE Actimize,
commented:
"By
providing a single platform leveraging AI, data intelligence and behavioral
analytics, NICE Actimize Xceed provides mid-sized financial institutions with
superior financial crime and compliance risk management. We look forward to
supporting American State Bank’s new financial crime management platform and
its future growth in the market."
Advanced semiconductor solutions provider Renesas
Electronics Corporation (OTC:RNECY) has entered into a definitive agreement with
Reality Analytics, Inc. (Reality AI), a leading provider of embedded AI
solutions, under which Renesas will acquire Reality AI in an all-cash
transaction. This, according to the press release, “will significantly enhance
Renesas’ endpoint AI capability, providing more flexibility and efficiency for
system developers to make their products AIoT (Artificial Intelligence of
Things) ready and get to market faster.” Hidetoshi Shibata, President and CEO
of Renesas, said:
"The
importance and demand of data at the endpoint is increasing at an unprecedented
scale. The acquisition of AI technology is an important milestone to address
our customers’ emerging requirements for endpoint intelligence. The addition of
Reality AI’s AI solutions to our existing embedded AI portfolios will further
solidify our position as a leading AIoT solution provider."
Global
AI in BFSI to Reach $84.33B in 2028
A report published by Research Dive finds that the global AI in BFSI
(Banking, financial services, and insurance) is projected to grow from $21.06
billion in 2020 to $84.33 billion in 2028, registering a compound annual growth
rate (CAGR) of 19.1 percent in the forecast period 2021-28. The following
excerpt from the report’s overview highlights some key factors contributing to
the market’s growth:
The
implementation of AI based technologies in BFSI such as robotic process
automation (RPA) and natural language processing (NLP) is expected to open new
scope of opportunities for the market in the forecast period. Software that
mimics rules-based digital tasks performed by humans is being applied in
banking to eliminate much of the time-intensive and error-prone work involved
in entering customer data from contracts, forms, and other sources. These
factors are expected to open new scope of opportunities for the market in the
forecast period.
Sam Mowers, Investorideas.com
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