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.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions