All financial institutes are focusing on Fraud and Risk Management. Having an intelligent and real time AI-driven solution is the key towards that. Accordingly, SquareOne has come up with its the Inline Fraud and Risk Management (IFRM) product, BankIQ. It is an advanced Cognitive fast-data platform capable of enabling advanced AI applications, simulating human intelligence across the full spectrum of problem-solving for Banks, Financial Services, and other Institutions.
BankIQ enables ‘true’ real-time analytics with real-time data. Real-time data plays a critical role in every data analytics strategy, enabling businesses to run analytics, gain insights, and take real-time action on fresh data as events happen. It has a ready to use portfolio of Intelligent products such as IFRM – Inline Fraud & Risk Management, IPOM – Inline Promotions and Offer Management, Receivable Analytics & Assignment-of-Receivables, to name a few. The platform can also enable development of Custom analytic applications leveraging AI & ML, enabling a full spectrum of problem-solving.