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