Black Knight announces acquisition to incorporate AI into its solutions

Black Knight announced Monday its acquisition of HeavyWater, a provider of artificial intelligence and machine learning to the financial services industry. Black Knight explained it plans on integrating HeavyWater's AIVA solution, which leverages artificial intelligence and machine learning to perform operational functions more efficiently than traditional methods, into its premier solutions. It will also make the technology available to its clients looking to utilize AI within other parts of their organizations. "With the cost of origination and servicing at, or near, all-time highs, AIVA is poised to help increase efficiencies for Black Knight clients," Black Knight CEO Anthony Jabbour said. "AI, machine learning and neural network solutions are the future of delivering enhanced productivity and capabilities to our clients, and we are very excited about the potential HeavyWater has to offer."