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AI Eye Episode 376: FIS (NYSE: $FIS) and FICO (NYSE: $FICO) Partner for ML/AI-Powered Financial Crime Solution, Nuance (NasdaqGS: $NUAN) AI Marketplace is Accelerating AI Adoption in Radiology

 

Point Roberts, WA and Vancouver, BC - June 25, 2020 (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.

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AI Eye Episode 376: FIS (NYSE: $FIS) and FICO (NYSE: $FICO) Partner for ML/AI-Powered Financial Crime Solution, Nuance (NasdaqGS: $NUAN) AI Marketplace is Accelerating AI Adoption in Radiology

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:FIS) (NYSE:FICO) (NasdaqGS:NUAN)

The FIS AML Compliance Manager from Fidelity National Information Services, Inc. (NYSE:FIS) has integrated FICO Falcon X technology from Fair Isaac Corporation (NYSE:FICO) to "help financial institutions keep ahead of financial crime." According to the press release, the solution leverages "machine learning and artificial intelligence to detect suspicious activity and provide detailed, transparent intelligence to bank investigators." Jim Johnson, head of Global Payments and Wealth at FIS, commented:

"FIS is committed to helping our clients stay one step ahead of financial criminals who are using increasingly sophisticated tools to try to hide illicit money activities through the U.S. financial system. By partnering with FICO, FIS is providing a leading-edge solution to automate routine tasks and reduce false positives that make AML compliance management so challenging, allowing employees to work more efficiently."

Nuance Communications Inc. (NasdaqGS:NUAN) has announced that its Nuance AI Marketplace for Diagnostic Imaging is accelerating AI adoption for radiologists at leading US healthcare systems. Karen Holzberger, Senior Vice President and General Manager of Nuance Healthcare's Diagnostic Division, explained:

"As Nuance and independent industry analysts have often noted, it's not enough to simply develop AI models. You have to support adoption by giving developers a scalable market model, by providing physicians real-time clinical intelligence and solutions that are integrated into their regular workflows, and by addressing healthcare administrators' requirements for security, patient privacy and compatibility with their existing IT infrastructure. The acceleration of the AI Marketplace signals the widespread adoption of AI in radiology using our range of diagnostics solutions."

Global Industrial Robots Market to Reach $66.48 Billion by 2027

A report from Fortune Business Insights finds that the global Industrial Robots market will grow from $21.83 billion in 2019 to $66.48 billion by 2027 with a compound annual growth rate (CAGR) of 15.1 percent in that forecast period. The report summary highlights the efforts by manufacturers to integrate AI as the market develops, and the following excerpt outlines the role of e-commerce in the market:

The growing trend of consumers towards online shopping is boosting the e-commerce industry. The distribution centers, retailers, warehouses, and facilities owners, are now emphasizing to integrate automated robotic solutions. The interest is to achieve on-time delivery, reduce labor costs, and enhance efficiency and productivity at every process. This is one of the major factors for these robots deployments. Furthermore, many companies are developing promising products across all parts of the logistics value chain, including self-driving trucks, intelligent warehouses, and service robots.

Sam Mowers, Investorideas.com

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