Waters Rankings 2022: Best artificial intelligence (AI) technology provider—SmartStream

Overview

SmartStream’s Affinity, which was launched in collaboration with Tier-1 banks, is an AI observational learning solution designed to meet the technical demands and business agility for operational data management and data quality processes.

“Our latest Affinity solution outperforms matching rates of anything else available on the market today. Client projects have been very successful—they are estimating at least 20% cost savings for their reconciliation business. It is very gratifying that after 12 months of working with clients on our AI solutions, the technology has matured and we are now at a stage to deliver real value.”
Andreas Burner, chief innovation officer, SmartStream

The Solution 

Affinity automatically learns how records correlate to one another and can mimic and learn from actions made by a user. In just a few clicks, the AI establishes its own understanding of how records correlate and Affinity will assist the user to significantly reduce the time it takes to carry out the matching of complex datasets. Ultra-fast matching results are delivered to the end-user with high-quality results. New customers can be up and running almost immediately and the solution can transform traditional data verification processes within seconds.

Secret Sauce 

According to SmartStream, the technology itself is entirely unique—it is the first and fastest AI data quality application that outperforms matching rates of anything available on the market today.

Recent Milestones 

  • Increased automation of exception management in the cloud 
  • Simplified reporting process for attribute-by-attribute matching, allowing clients to check far greater datasets than was possible before
  • Affinity can be used to support clients in meeting their regulatory reporting obligations

Future Objectives 

  • AI and machine learning technologies will continue to be deployed across all of SmartStream’s solutions.
  • Managed services and cloud environments will be available globally for all solutions.
  • Future releases of Affinity will support limitless data types.

 

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