Blog

The Next-Generation of AML: Tracking Users Based on Actual Behavior
AML
The Next-Generation of AML: Tracking Users Based on Actual Behavior

The view of customer risk you have today is not reflective of the actual risk they pose to your firm. Bold? maybe, true? absolutely. Historically banks calculate the risk associated with their customers based on what they voluntarily declare when first opening an account: background, employment, location, money sources, counterparties, etc. This is a terrible […]

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Ayasdi’s Next Chapter
AML
Ayasdi’s Next Chapter

Last week, we officially launched the new direction of our company, now called Symphony AyasdiAI, and our first AI solution for financial services. Ayasdi AML represents the first packaged solution for banks, and it’s just the beginning.  Ayasdi launched as a general-purpose AI platform with the most advanced machine learning available. Many organizations in healthcare, telecommunications, high-tech manufacturing, […]

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Changing the World – One Scientific Breakthrough at a Time
Artificial Intelligence
Changing the World – One Scientific Breakthrough at a Time

Technology startups wanting to “Change the World” have become something of a cliché in Silicon Valley. Some would say that this attitude reflects a naïve sense of optimism, but at Ayasdi, we not only want to change the world, we are doing it. Together with our collaborators. Incrementally. One scientific breakthrough at a time. We […]

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The Chartis and Forbes Double
Artificial Intelligence
The Chartis and Forbes Double

  The team at Chartis Research is about as well regarded in financial services as you get. Their flagship report on the RiskTech100 is the bible for the industry and their ability to go deep on the issues AND the technology set them apart. They have recognized Ayasdi consistently. We won their top spot in […]

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The Winds of Change at ACAMS 2018
AML
The Winds of Change at ACAMS 2018

Of all the industry groups we engage with, ACAMS is different. The mission focus, the educational framework, and the overall community make its events must attend for practitioner and vendor alike. The Las Vegas flagship event dominates the fall calendar and so we were back in sin city again this year – but with an […]

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AI in Regulated Industries: The No-Nonsense Guide
Topology
AI in Regulated Industries: The No-Nonsense Guide

While there is much teeth-gnashing over the hype associated with AI, the fact of the matter is that it is here to stay. While it still needs to grow into its lofty expectations (particularly in the enterprise) there is a growing body of evidence that the small wins are stacking up. One area where AI […]

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Geometric Methods for Constructing Efficient Neural Net Architectures
Topology
Geometric Methods for Constructing Efficient Neural Net Architectures

Deep neural networks are a fascinating and powerful concept that facilitates learning from complex data.  The underlying mathematical construction is that of a directed graph, and there are a number of different architectures (i.e. choices of a directed graph) proposed for various problems.  The default structure is fully connected, where every neuron in a fixed […]

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Intelligent Segmentation for AML – A Practitioner’s View
AML
Intelligent Segmentation for AML – A Practitioner’s View

Segmentation is a fundamental component of the anti-money laundering (AML) process, and is concerned with the groupings of entities based on similar business attributes and transactional behavior. Segmentation, when done well, enables AML typologies to focus on unusual behavior for specific groups of entities, using thresholds that allow precise detection of bad actors while minimizing […]

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What is a model?
Artificial Intelligence
What is a model?

In this post, I want to expand our understanding of the term ‘model’ – the Machine Learning type, not the Derek Zoolander type. The fundamental task in machine learning is to turn data into models and that’s what this post focuses on. The dictionary definition of a model is: “a simplified description, especially a mathematical one, of […]

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The Forbes Fintech50
AML
The Forbes Fintech50

The Forbes FinTech50 is prestigious list. Assembled by the editorial staff based on their research, stories and conversations, the list is considered one of the most elite in the space – up there with the RiskTech100 from Chartis and a handful of other carefully curated lists. Needless to say, we were delighted to make the […]

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Hackathon. Check.
Artificial Intelligence
Hackathon. Check.

Last week, Ayasdi hosted its first ever internal Hackathon. We are a pretty geeky crew over here and we have sponsored our fair share of Meetups, but we have never done a Hackathon – so we were overdue. It seems that we had some pent up demand though – because teams across the company responded […]

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The AI Arms Race – Weapons of Mass Discovery
Topology
The AI Arms Race – Weapons of Mass Discovery

This post originally appeared in The Cipher Brief.   When we think of arms races, we are naturally drawn to the physical: missiles, satellites, fighter jets, submarines and aircraft carriers. While those assets are important for conventional warfare, there is an emerging technological arms race in artificial intelligence (AI) that will have profound implications for […]

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AyasdiAI Named #1 Artificial Intelligence Platform for Chartis RiskTech100®
Awards
AyasdiAI Named #1 Artificial Intelligence Platform for Chartis RiskTech100®

We are honored to be recognized as the winner of the new Artificial Intelligence category for the 2017 Chartis RiskTech100® report. Chartis is the leading provider of research and analysis for risk technology globally and recognized as the most comprehensive researcher of risk and compliance technology companies. The report states, “The market for AI in […]

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Designing AI for the Enterprise
 

Artificial Intelligence
Designing AI for the Enterprise
 


We are in an interesting time in the development of artificial intelligence (AI). We’ve moved beyond thinking about AI as just a technology that fuels robotics to understanding what has always been true: AI is a field in and of itself that enables computers to complete tasks that previously would have required human intelligence. With […]

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The View from London – Five RegTech Takeaways
Financial Services
The View from London – Five RegTech Takeaways

I crossed the pond last week to speak at “RegTech Rising” the first conference on this subject by the well regarded team at Informa.  They were kind enough to invite Ayasdi to speak on a panel about “RegTech Pilots and Success Stories”. While there is tremendous heat and light around the subject of RegTech, the […]

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Notes and Thoughts on Clustering
Artificial Intelligence
Notes and Thoughts on Clustering

Clustering is the problem of decomposing a given set (X) into smaller disjoint sets. In this post I want to expose what makes clustering a difficult problem and, along the way, provide some intuition in general. What is a cluster? Intuitively, a cluster is a set of points which is dense i.e. points within the […]

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Takeaways from AML’s Biggest Event
AML
Takeaways from AML’s Biggest Event

Ayasdi had the honor of sponsoring the Association of Certified Anti-Money Laundering Specialists (ACAMS) conference in Las Vegas in September. This is the flagship event for ACAMS and it showed in the audience. Present were the heads of Anti-Money Laundering (AML) programs at every major financial institution, consultants, and even regulators. We thought it would […]

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Breaking Down the WEF FinTech Report
Artificial Intelligence
Breaking Down the WEF FinTech Report

The World Economic Forum pulled together an exceptional group of industry experts to collaborate on a three part series evaluating impact of FinTech on the industry. The tldr on the report is simple: While fintech companies had changed the game they had not dominated it – in fact the ability of larger players to co-op […]

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Envisioning the Future of Intelligent Applications
Artificial Intelligence
Envisioning the Future of Intelligent Applications

This morning we announced the release of Ayasdi Envision – a framework for accelerating the development of intelligent applications based on our award winning machine intelligence platform. Envision does a lot of innovative things and while I won’t recount the press release here, I do want to expand on a few of them. Envision democratizes […]

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Anti-Money Laundering and AI at HSBC
Financial Services
Anti-Money Laundering and AI at HSBC

HSBC Holdings has partnered with Silicon Valley-based artificial intelligence startup Ayasdi to automate some of its compliance processes in a bid to become more efficient. The banking group is implementing the company’s AI technology to automate anti money-laundering investigations that have traditionally been conducted by thousands of humans, the bank’s Chief Operating Officer Andy Maguire […]

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A Call to Arms for the GSIB
Artificial Intelligence
A Call to Arms for the GSIB

Everywhere you turn there are stories of how nimble young startups are going to out compete the major financial institutions. The word disintermediation is thrown around amid discussions of unnecessary management layers and regulatory burdens. One could construe from these articles and interviews that the end of the large, multi-national bank is at hand. We […]

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