Fintica AI completes financial market manipulation detection pilot for Israel Securities Authority

Fintica AI, Ltd.

PR91660

 

TEL AVIV, Israel, Sept. 16, 2021 /PRNewswire=KYODO JBN/ --

 

Israeli fintech artificial intelligence start-up, Fintica AI, Ltd., today

announced the successful completion of a data analysis technology pilot for the

Israel Securities Authority (ISA). The pilot was undertaken as part of the data

sandbox program, a joint venture of the ISA together with the Innovation

Authority and the Tel Aviv Stock Exchange.

 

Fintica AI is an Israeli fintech and deeptech company, which has developed

disruptive autonomous artificial intelligence technology focused on the

financial industry. The company's products utilize self-learning and machine

learning methodologies to comb through massive financial time series data to

analyse and identify patterns on a wide scale. This enables a new breed of

sharp and accurate market surveillance abilities, capable of identifying

anomalies and fraud detection, as well as offering risk protection and market

event classification.

 

During the seven month pilot in cooperation with the ISA and the IIA, the

application of Fintica AI's technology was aimed at leveraging ISA's

capabilities with cutting edge AI forensic tools in order to further develop

advanced Israeli-made technologies for the financial sector.

 

"Effective market surveillance technology is still a major issue in capital

markets," said Philippe Metoudi CEO of Fintica AI. "Around the world,

surveillance teams at stock exchanges are using monitoring systems that are

still generating a high level of false positive alerts thus requiring

substantial manual intervention. Fintica AI aims to drastically reduce this

false positive rate allowing for the team's attention to be focused on the most

suspicious transactions and worthwhile areas."

 

About Fintiaca AI Ltd.

Fintica AI is an Israeli Fintech & Deeptech company that is building next

generation Autonomous AI for Capital Markets.

 

The firm improves data anomaly detection and enhances predictive analytics for

Markets Infrastructure and develops unique AI-based investment & risk

decision-support tools and associated intelligent market data feeds for

Investment Managers and Global Data Vendors.

 

The company is headquartered in Tel Aviv with presence in Zurich, Hong Kong and

New York  

 

To learn more visit: www.fintica-ai.com or email: enquiry@fintica-ai.com

 

Source: Fintica AI, Ltd.

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