The AI Eye: UBS Card Center Wins Security Innovation Award by Leveraging FICO (NYSE: FICO) Falcon Platform and PegaSystems (NasdaqGS: PEGA) Acquires In The Chat
Point Roberts, WA and Vancouver, BC - May 13, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.
Listen to today's podcast:
The #AI Eye: UBS Card Center Wins Security Innovation Award by Leveraging FICO (NYSE:FICO) Falcon Platform and PegaSystems (NasdaqGS:PEGA) Acquires In The Chat
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:FICO) (NasdaqGS:PEGA)
UBS Card Center has won the Security Innovation of the Year award at the Retail Banker International Awards for its achievement in fraud reduction using Fair Isaac Corporation's (NYSE:FICO) AI and machine learning. The credit card service provider was able to investigate and resolve 42 percent more fraud alerts by leveraging FICO's Falcon Platform. Marcel Drescher, Head of Fraud Services, UBS Card Center, said:
"We are combining our deep expertise in analyzing fraud trends and the latest breakthroughs in AI and machine learning from FICO to keep losses and false-positives low and customer satisfaction high. We are gratified by this industry award recognizing our success in stopping fraud."
PegaSystems, Inc. (NasdaqGS:PEGA) has acquired social media and messaging-based customer service platform In The Chat (ITC). ITC will be integrated into the PegaSystems AI-powered customer engagement solutions, "providing clients a seamless, future-proof way to connect with customers". Kerim Akgonul, SVP of products, Pegasystems, said:
"In The Chat's technology and the talented employees behind it will bring valuable new capabilities to our customer engagement solutions. We look forward to debuting the new solution at PegaWorld* this year."
*PegaWorld 2019 is a Business and IT conference held in Las Vegas from June 2-5
Global Conversational Systems Market to Hit $17.4 Billion in 2024
A report from Markets and Markets finds that the global conversational systems market will grow from $4.6 billion in 2019 to $17.4 billion in 2024 with a compound annual growth rate (CAGR) of 30.8 percent. The report identifies increasing demand for AI-powered customer support services and advanced AI and NLP tools as drivers for the adoption of conversational systems. An excerpt from the report description reads:
Most of the conversational solutions providers offer technical support services and consulting services to manage the deployment of AI-based solutions in the market. The services ensure faster and smoother implementation that maximizes the value of enterprise investments. They ensure the end-to-end deployment of the conversational systems platform and address pre and post-deployment queries that are required.
Sam Mowers, Investorideas.com
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence is an original content brand of Investorideas.com
800 665 0411