PrecisionLender, a provider of applied banking insights to commercial banks, has revealed plans to set up offices in New York and London.

The new offices will enable the company to meet the increasing national and global demand for its artificial intelligence (AI) capabilities.

PrecisionLender stated that its flagship AI platform Andi meets this need for digital transformation. Using AI and machine learning, the AI platform acts as an always-on virtual analyst and delivers real-time, actionable insights to bankers.

To support its expansion, the company has hired Paul Yoo as senior vice president of business development, Gianluigi  Salatiello as senior vice president of EMEA, and Gita Thollesson as senior vice president of client success.

Yoo worked as chief commercial officer of Mistral Mobile, a digital banking software platform, which he co-founded with other leaders of Nokia Mobile Financial Services. In his new role, he will manage PrecisionLender’s technology alliance programme besides strategic partnerships with professional services firms.

Salatiello will focus on expanding PrecisionLender’s footprint in the UK and EMEA. He has rich experience of financial sector and worked with McKinsey, Simon-Kucher & Partners and with top EMEA banks.

Thollesson joined PrecisionLender from S&P Global Market Intelligence, where she worked as director of analytics for the company’s commercial banking advisory business.

In over three decades long career, Thollesson worked with banks across the US and Canada. Thollesson and Yoo will oversee the New York office.

PrecisionLender CEO and co-founder Carl Ryden said: “We are thrilled that Paul, Paul, Gigi and Gita selected PrecisionLender as the next step in their already successful careers.

“They are leaders of the highest caliber who share our passion for reimagining commercial banking processes. Their skill sets and expertise combined with the expansion of our global footprint will enable PrecisionLender to be at the cutting edge of the applied banking insights field.”

The company is looking to open additional offices in Europe beyond its growth in the US, UK and Australia.