US-based technology provider Itiviti has entered into an agreement with AI innovator Imandra to integrate machine learning into client on-boarding and testing tools.
Initially, Imandra’s technology will be applied on Itiviti’s Managed FIX global connectivity platform to embark its clients. Itiviti eventually intends to expand the AI capabilities to other software solutions.
Imandra offers cloud-scale automated reasoning and scalable symbolic AI for financial algorithms.
Multiple industries ranging from avionics and autonomous vehicles to financial markets leverage its technology. Moreover, top investment banks are said to use their expertise for the design of highly regulated trading systems.
Last year, the firm signed a deal with the US Department of Defense.
Itiviti Group EVP head of product strategy Linda Middleditch said: “Generally, client onboarding has been a neglected area within the industry for many years, but we believe working with Imandra we can raise the level of automation for testing and QA, while significantly reducing onboarding bottlenecks for our clients.
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By GlobalData“Other areas we are actively exploring to benefit from AI are within the Compliance and Analytics space.”
Imandra co-founder and co-CEO Denis Ignatovich said: “This partnership will capture the tremendous opportunities within financial markets for removing manual work and applying much-needed rigorous scientific techniques toward testing of safety-critical infrastructure.
“We look forward to helping Itiviti empower clients to take full advantage of their solutions while adding key capabilities.
“This partnership is the culmination of many years of deep R&D and we’re thrilled to partner with Itiviti to bring our technology to global financial markets on a massive scale.”
